The Economy Ministry has downgraded its 2021 GDP growth forecast, to 4.1%, from 4.6%,

Ihor Petrashko told Interfax-Ukraine after stepping down as Economy Minister on Thursday. Similarly, the new 2022 growth forecast is 3.8%, down from 4.3%. Although the economy shrank by 2% in the first quarter of this year, he said: “Since April, we have seen positive trends, in particular in terms of industrial production and GDP growth.”