Ukraine’s economic downturn has slowed sharply

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Ukraine’s economic downturn has slowed sharply

14.06.2021 News

The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy.

“The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement said.

Thus, the consolidated production index for the first time since December 2019 showed an increase of 0.7% compared to a decrease of 3% in the first quarter of 2021 and 5.9% for the four months of 2020.

The ministry attributes this to growth in a number of industries.

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