In Ukraine slowed down the growth of the economy

In the first quarter of the current year Ukraine’s GDP grew by 2.4%.

In the first quarter of 2019, the growth in real gross domestic product slowed to 2.4% compared to the same period last year (up 3.1%). This is stated in the Inflation report National Bank.

In NBU believe that the slowdown in GDP growth due to the expected decrease in the positive contribution of agriculture as a result of the exhaustion of the effect of the record harvest of grains and oilseeds in 2018.

In addition, weak industrial indicators: as in the energy sector (due to warm weather this year compared to the previous) and in some processing industries, has added the national Bank.

“Despite some slowdown, the main factor of economic growth was domestic demand (especially household consumption and investment activity of enterprises),” – said in the report.

On further sustainable increase in consumer demand was evident in the accelerated growth of retail trade turnover and passenger traffic maintained steady growth in real wages and pension payments, said the NBU.

For the first two months of the year 2019 the growth of Ukraine’s GDP compared to the same period last year amounted to 1.2%.

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