KYIV, March 17 — Ukraine’s gross domestic product rose 3.6 per cent in the first two months of this year, and growth is expected to continue in the first quarter, the economy minister Yulia Svyrydenko said today.
“This was driven by several factors, including investment demand, favourable weather conditions for construction works, agricultural exports, (and) the operation of the Ukrainian sea corridor,” Svyrydenko said on Facebook, citing preliminary data.
She said the expansion of production capacity in the mining industry and stability in the energy sector were additional factors.
“Thanks to the positive performance of key sectors of the economy, we expect sustainable growth for the entire first quarter,” she added.
Ukraine’s GDP rose 3.5 per cent in January, having grown by 5 per cent in 2023 after a 28.8 per cent fall in the previous year.
Ukraine’s economy was devastated by Russia’s invasion in February 2022 as millions fled the war, cities and infrastructure were bombed, and logistics, supply chains and exports disrupted. — Reuters
