Ukraine’s GDP growth slows down to 3.3% in 2019
News Line
Ukraine reports 5,276 new COVID-19 cases Zelensky: Every third Ukrainian considers road construction one of greatest achievements of 2021 Ukraine ready to implement Minsk agreements, but Russia's desire needed - Yermak Michel: EU unanimously agree to roll over economic sanctions against Russia Actions by Ukraine's partners will help prevent worst-case scenario - Zelensky COVID-19 in Ukraine: Health officials confirm 8,899 daily cases as of Dec 17 Macron tells Zelensky he declared support for Ukraine in call with Putin Zelensky, Scholz discuss gas transit through Ukraine after 2024 Ukraine ready for any format of talks with Russia - Zelensky Ukraine’s only journalist in Russia facing extremism charges - lawyer PM Shmyhal: First two applications for investment projects worth $96 million filed Zelensky, PM of Italy discuss security situation around Ukraine President signs off State Budget 2022 London considering all options for responding to Russia's aggression against Ukraine Putin, Biden to hold another round of talks Some 260,000 Ukrainians “victims of human trafficking” over 30 years - prosecutor general Ukraine plans to create center to protect energy infrastructure from cyber attacks No clear idea so far when Normandy Four top diplomats set to meet - German Ambassador Ukraine receives EUR 600M in macro-financial assistance from EU Zelensky holds phone conversation with PM of Israel Ukraine sets new daily COVID vaccination record MFA: European Union has not yet removed Ukraine from list of safe countries Kyiv records 1,023 new COVID-19 cases, 29 deaths G7 ambassadors welcome adoption of law on NABU status Ukraine can increase Covid vaccination rates to 1.5M a week – Liashko

Ukraine's GDP growth slowed to 3.3% in 2019 compared to 3.4% in 2018, according to the 2019 Economic Activity Review released by the Ministry for Development of Economy, Trade and Agriculture.
"At the year-end, economic activity remained at a sufficiently high level - GDP growth was estimated at 3.3%, which is almost the same as in 2018," reads the report.

However, the ministry noted that the drivers of this growth had changed. Thus, as a whole, the growth of the aggregate index of production of goods and services by major economic activities slowed down to 1.6% in 2019 (3.6% in 2018), and even started to decline in the last months of the year.

First of all, according to the report, this was due to the difficult situation in the industry, where production declined by 1.8% compared to 2018 after a three-year growth (a 1.6% increase in 2018). The ministry also estimated that despite another record of grain harvest, the agriculture growth decelerated significantly (1.1% in 2019 compared to 8% in 2018). Instead, high domestic demand generated high construction rates (20% against 8.5% in 2018), as well as in a number of service industries.

As Ukrinform reported, according to estimates of the National Bank, Ukraine’s GDP growth is expected to reach 3.5% in 2020.