Despite the negative effects of blocking the borders with Ukraine by Polish carriers, the country's economy showed stability and positive trends in November.
According to the Ministry of Economy, the gross domestic product increased by 4% compared to the same period last year.
Even with an almost month-long restriction on motor vehicles, the Ukrainian maritime corridor partially compensated for the losses, which was especially important for producers of agricultural and metallurgical products.
Yuliya Svyridenko, First Vice Prime Minister and Minister of Economy of Ukraine, emphasized the positive aspects and emphasized that the current inflationary trend testifies to the stability and efficiency of the Ukrainian economy in the face of challenges.
"According to our estimates, positive factors slightly outweighed the balance of influence on GDP in November, and as a result, according to preliminary operational estimates of the Ministry of Economy, GDP growth was observed at the level of 4%," she said.
In November, a slowdown in consumer price growth was observed, which amounted to 0.5% according to the State Statistics Service, compared to 0.8% in the previous month. Annual inflation rates also fell from 5.3% to 5.1%, which is even lower than in some EU countries.
First Deputy Prime Minister and Minister of Economy of Ukraine Yuliya Svyridenko indicated that the moderate dynamics of consumer price growth is similar to the level of inflation in European countries that are not facing military difficulties. She defined this as an additional confirmation of the integrity and stability of the functioning of the Ukrainian economy, and the current inflation trend testifies to the justification of expectations regarding the low level of inflation.
