In July, Ukraine’s GDP growth accelerated to 2.7% after rising 1.6% in June in response to early harvesting. For January-July, growth is estimated at 4% [±1%], which generally corresponds with the forecasted trends, noted the Ministry of Economy. It is reported that in July, the economy was operating under rigorous blackout schedules due to a shortage of electricity, making it difficult for businesses to operate against rising costs. At the same time, it was possible to compensate for the negative impact of the electricity shortage thanks to:adaptation to difficult working conditions, in particular, the ability of individual producers to ensure stable access to electricity through direct importsearly harvesting of winter crops due to the weatherthe Ukrainian Maritime Corridor’s stable opertionbudgetary financing for the construction of engineering structuresThe ministry predicts economic growth for 2024 will be at least 3.5%.https://ubn.news/despite-widespread-blackouts-gdp-growth-accelerates-in-ukraine/ (ICE LEOPOLI)

Fonte notizia: Ukrainian Business News www.ubn.news