Ukrainian economy grows nearly 20%

Spending has increased as consumers adjust to the military conflict Ukraine’s gross domestic product (GDP) saw a sharp increase of 19.5% from April through June compared to the same period last year, according to the latest data from the State Statistics Service. The significant surge – the highest on record – has been attributed to the low base effect following the steep drop that occurred shortly after the beginning of Russia’s military operation in Ukraine. The country’s economy contracted by 10% between January and March 2023. In the second quarter of last year, its GDP experienced a large decline of 37.2%. Th

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Last updated : 23 September 2023 clock 05:32 PM

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