The government expects Ukraine’s GDP to grow by 3-4% this year – Svyridenko

The government expects Ukraine’s GDP to grow by 3-4% this year – Svyridenko

The Cabinet of Ministers expects the growth of Ukraine’s GDP this year at the level of 3-4% and notes the improvement of the situation in industry.

This was reported by First Deputy Prime Minister – Minister of Economy Yuliya Svyridenko at the annual meeting of the Yalta European Strategy (YES), reports Ukrinform.

“GDP growth will be at the level of 4%. Skeptics say that the growth will be about 3%. We see improvements in the main industries. The grain harvest will be about 50 million tons. We have certain problems with exports, but I think that the situation will improve due to alternative routes,” the Deputy Prime Minister noted.

Svyridenko added that the government is working on solving export problems together with Western partners and financial institutions.

The labor market in Ukraine has structural problems and about 5 million Ukrainians remain abroad.

“The unemployed do not have the skills that the labor market needs, so this year and next we will focus on training and retraining, as it will be impossible to ensure the recovery and reconstruction of Ukraine without this,” added Svyridenko.

According to the Deputy Prime Minister, the two urgent steps necessary for the effective reconstruction of Ukraine are the support of local business and risk insurance.

“We in the government have to focus on two things. Supporting local businesses that are taxpayers, which will allow them to pay their workers’ wages and us to pay our military allowances. And insurance.

The government expects that the parliament will vote amendments and changes to the legislation that will allow Ukrainian agencies to insure both Ukrainian and foreign companies that will be involved in the recovery of Ukraine,” Svyridenko summarized.

We remind you:

The National Bank estimated that in the second quarter of the year, the economy of Ukraine grew by 18.1%.

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