Ukraine’s GDP growth in March remained close to 5%.

In March, the growth of Ukraine’s real GDP compared to the same period last year was 4.9%, compared to 5% in February and 5.2% in January, according to the monthly economic monitoring by the Institute of Economic Research (IED).

Among the factors restraining GDP growth, analysts cited restrictions in the supply of electricity to enterprises resulting from Russian shelling. Therefore, GDP growth is also expected to slow in April due to problems with access to electricity stemming from massive losses in energy generationinfrastructure.

According to the institute, real gross value added (GVA) growth in manufacturing slowed to nearly 11% in March from 17% in January, while real GVA in power generation fell 2% and is expected to fall further in April.

It is noted that real GVA in transport continued to grow by more than 20%. Growth was also maintained in construction, specifically from the construction of fortifications financed by budget expenditures, but growth in trade slowed to 4.6%.