The growth rate of real GDP in Ukraine has slowed down somewhat. The key problem is reduced access to a constant electricity supply and sufficient amounts of electricity. According to the IER, GDP in April grew by 4.1% year-on-year compared to 4.8% in March.
“The limitations in the electricity supply will lead to a further decrease in the GDP growth rate. Among the positive news is that exports and imports continued growing thanks to better logistics both through the Ukrainian maritime corridor and road transport. At the same time, compared to March, railway transportation decreased somewhat in April,” experts noted.
The growth of real gross value added (GVA) in the processing industry amounted to 10% compared to the previous period, while in the extractive industry, it was about 3%.
“Better logistics contributed to revitalizing the results of metallurgy and iron ore mining. The growth rates of GVA in construction were high, which is partly related to the construction of fortification structures”.