In June, Ukraine’s GDP grew by 1.1% compared to June last year. However, Ukraine’s economic growth continues to slow down – in May, GDP grew by 3.7%, in April – by 4.3%.
The Ministry of Economy notes that the main factor in the slowdown in the economy’s growth rate was power outages, but the economic recovery continues. For the first half of the year, GDP growth is estimated at 4.1% compared to the same period last year.
Among the positive factors influencing the growth, the agency singled out the Ukrainian Maritime Corridor’s stable operation, the ability of individual enterprises to ensure stable access to electricity through the direct import and export of metallurgical products and iron ore, and the early harvesting of winter crops.
The largest growth dynamics were observed in construction, agriculture, trade and transport. Security and logistics problems, electricity shortages, and a difficult labor market situation remain negative economic factors.