• SPX
  • $5,893.62
  • 0.39 %
  • $23.00
  • DJI
  • $43,389.60
  • -0.13 %
  • -$55.39
  • N225
  • $38,429.37
  • 0.55 %
  • $208.52
  • FTSE
  • $8,109.32
  • 0.57 %
  • $45.71
  • IXIC
  • $18,791.81
  • 0.6 %
  • $111.69

Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says

By Reuters   |   Nov 18, 2024 at 03:56 AM EST
Ukraine's GDP up by 4.2% year-on-year in Jan-Oct, economy ministry says

KYIV (Reuters) - Ukraine's gross domestic product grew by 4.2% year-on-year from January to October fueled by expansion in the construction, transport and processing industries, the economy ministry said on Monday.

It said in a statement that GDP grew by 1.3% in October compared with the same month a year ago.

The Ukrainian government implemented programs to rebuild the wartime damage as Russia's invasion reaches its 1000-day mark this week. It fueled demand for construction works and supported the expansion in the construction sector, said Oleksiy Sobolev, first deputy economy minister.

Sobolev said that transport and processing industries were other drivers for economic growth in the 10 months of the year.

The government expects Ukraine's economy to grow by 4% this year.

For the next year, the government forecasts a slower economic growth at about 2.7% as the war, security risks, an expected energy deficit, and staff shortages will limit growth.

(Reporting by Olena Harmash; Editing by Toby Chopra)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to Stocks.News!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.