The GDP of Ukraine will grow by 4.2% over the next 10 months in 2024  

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**Ukraine’s Grows 4.2% First 10 Months of 2024**

Ukraine’s economy has grown by 4.2% compared the same period last year, according to the country’s Economy Ministry. This growth is a result of increased activity in the construction, , and manufacturing sectors.

**Construction Boosts Growth**

Recovery programs aimed at rebuilding damaged housing have helped boost the construction industry, which has contributed to Ukraine’s . The restored corridor has also helped the transportation sector grow, while defense production has driven growth in the manufacturing sector.

**GDP Growth Slows Down**

While GDP growth has slowed down slightly compared to last year, it still grew by 1.3% between 2023 and the same month this year. This slowdown is mainly due to a lower-than-usual output of agriculture this time of the year, as farmers had already finished harvesting some crops.

**Economy Stabilizes**

Ukraine’s economy stabilized faster than expected in 2023, thanks to successful government programs and . In 2023, GDP growth reached 5.3%, a significant improvement from last year when it fell by 29.1% due to Russia’s .

Read More @ kyivindependent.com

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