Ukraine’s GDP growth by 2.4% in the second quarter is not enough, Prime Minister Volodymyr Groysman said during a conference meeting in the city of Dnipro.
“In the second quarter, there was a 2.4% GDP growth. That is, the economy is growing, but this is not enough for us, our task is to increase this figure,” the prime minister said.
According to Groysman, the acceleration of economic growth must also be ensured through the development of industry, starting with the training of highly skilled workforce.
Earlier the State Statistics Service reported that Ukraine’s gross domestic product in the second quarter of 2017 had grown by 2.4% in annual terms compared to the second quarter of 2016.
According to the central bank’s forecasts, Ukraine’s GDP growth in 2017 is expected at 1.9%, while in 2018 the growth is expected at 3.2%, and in 2019 at 4%.
The International Monetary Fund expects GDP growth of Ukraine in 2017 at 2%, in 2018 at 3.2%, in 2019 at 3.5%.
The Ministry of Economic Development forecasts GDP growth in 2017 at 1.8%. (UNIAN/Business World Magazine)
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