Ukraine's economy slowed to 4%: which industries showed results
Kyiv • UNN
Ukraine's economy grew by 4% in 11 months of 2024. The main drivers were transportation, construction, manufacturing, and domestic trade.
Ukraine's economy grew by 4% in the first 11 months of 2024, slowing down in November year-on-year, with transport, construction and processing being the main growth drivers, the Ministry of Economy reported on Thursday, UNN reports.
Details
"In 11 months of 2024, the Ukrainian economy grew by 4% [±0.5%]. In November, the growth rate slowed slightly and amounted to 0.9% compared to November 2023," the report said.
As indicated, transportation and construction, manufacturing, and domestic trade remain the drivers of economic growth in 2024.
"Government support programs have played a role, such as grant programs for processing, business creation and development, affordable lending at 5-7-9%, eHouse and others under the Made in Ukraine policy. Also, the increase in purchases of Ukrainian defense industry products stimulates the growth of machine building," said Yulia Svyrydenko, First Vice Prime Minister and Minister of Economy of Ukraine.
The industries that showed positive dynamics in November are reportedly as follows:
- transportation (due to the stable functioning of the Ukrainian Sea Corridor);
- construction (thanks to government support programs);
- domestic trade (caused by stable domestic demand and supply of goods);
- Processing industry (programs for business recovery and development, access to imported electricity and availability of alternative energy supply capacities).
- mining industry (new gas production wells).
Ukraine's economy grew by 4.2%: which industries helpedNov 18 2024, 09:46 AM • 15299 views
