Ukraine’s gross domestic product grew by 2.2% year-on-year in the first seven months of 2023, the economy ministry said on Wednesday.
The ministry said in a statement the economy had started to recover after an extremely difficult 2022, when Russia began its full-scale invasion of Ukraine.
Nadiia Bigun, deputy economy minister, said the number of Ukrainian entrepreneurs had surpassed the levels before the war.
The central bank has increased its forecast for GDP growth to 2.9% in 2023 from an earlier target of 2%, and expects economic growth to quicken to 3.5% next year.
The World Bank expects GDP growth of 0.5% in 2023.
Persons:
Nadiia Bigun, ”
Organizations:
quicken, Bank
Locations:
Russia, Ukraine