How Ukraine’s military economy will grow: the government’s forecast.

Despite the war, the Ukrainian economy will grow by approximately 4.6% in 2024, although Russian missile attacks may worsen this indicator, said Minister of Economy Yulia Svyrydenko at the Kyiv Investment Forum.

According to her, the development of the domestic military industry will help ensure such growth. The localization of half of the budget that is allocated for purchasing weapons and creating joint productions with foreign companies will increase GDP by at least 3.6%.

“Last year’s indicators showed that the development of the military-industrial complex ensured at least 1% of GDP growth,” the minister clarified.

The second driver of economic growth is the development of exports and the improvement of transport corridors, particularly the export of agricultural, metallurgical, and high-value-added products. It is also important to expand Ukraine’s energy capabilities and build new ones, including building decentralized, highly maneuverable generation.