Ukraine’s real gross domestic product (GDP) grew by 19.5% in the second quarter of 2023 compared to the second quarter of 2022, after falling by 10.5% in the first quarter and 31.4% in the fourth quarter of last year.
According to the State Statistics Committee’s operational estimate released on Friday, GDP grew by 0.8% in the second quarter of this year compared to the previous quarter (seasonally adjusted).
As reported, in the past year as a whole, Ukraine’s GDP fell by 29.1%, according to the State Statistics Committee.
At the end of July, the National Bank of Ukraine raised its GDP growth forecast for Ukraine in 2023 from 2% to 2.9%, but lowered it for 2024 from 4.3% to 3.5%. At the same time, it estimated growth at 18.1% in the second quarter of this year.
The Ministry of Economy forecasts Ukraine’s GDP growth to 4% in 2023 and 5% next year.
Earlier, the research project Experts Club and Maxim Urakin released an analytical video about the economy of Ukraine and the world – the Experts Club and Maxim Urakin.
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