Ukraine's GDP, according to the Ministry of Economic Development and Trade, grew by 2.2% in the first quarter


The Ministry of Economic Development and Trade of Ukraine reported preliminary data on the country's GDP growth in the first quarter, according to which the Ukrainian economy grew by 2.2% in annual terms, slowing growth rates compared to a rise of 3.5% in the fourth quarter of last year. The growth rate was negatively affected by a number of factors, to which the agency attributed Russia's ban on importing certain types of engineering products from Ukraine, warm weather conditions, which contributed to a decrease in electricity demand, as well as the repair of process equipment at some enterprises in the energy sector. Construction of non-residential buildings increased by 33%, engineering structures - almost 1.5 times. In the past quarter, capital expenditures were increased by 37.4%. In the field of agriculture, a significant increase was observed in the poultry industry and pig breeding.

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