Ukraine’s GDP fall in February improves over January.

February 2023’s decline in GDP was 26%, which is better than January’s figure of 32%, the Ministry of Economy has stated. According to the head of the ministry, Yulia Svyridenko, in February economic activity was gradually restored, following the significant reduction of the electricity deficit and the decline of outage duration resulting from the resumption of all available types of generation in the power system from mid-February. “The energy war won by Ukraine added to the optimism of business, which improved its mood about the future and intensified its activities. In general, the economic front is holding up – the economy continues to function, adapt, and recover,” she noted.