According to the Ministry of Economy, Ukraine's gross domestic product grew by 4.3% in April, slightly less than in March, when this figure was 4.6%. The press service of the ministry provided this information.
The economy continues to show signs of recovery in the period from January to April 2024, thanks to record volumes of exports of goods, increased demand for construction services, and support for infrastructure projects from the state budget. This was stated by the First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Svyrydenko.
She also emphasized that the stable operation of the maritime corridor contributed to the growth of metallurgical production and the extraction of metal ores.
However, problems with the power system, including attacks on energy facilities and damage to transformer substations, create difficulties for electricity generation. This can negatively affect the operation of industry and other sectors of the economy.
The Ministry of Economy also published two scenarios in its consensus forecast: one assumes the end of the war in 2024, and the other assumes the continuation of the conflict. In 2023, Ukraine spent $64.8 billion on military needs, which is 58% of total government spending and ranks first in terms of military spending in the world.
