First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv says the growth of Ukraine's gross domestic product (GDP) in 2018 will exceed 3%.
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"The forecast remains positive, and the GDP growth will be more than 3% by the end of the year. More importantly, this is not a speculative 'warming up' of the economy. This is real economic growth as the Ukrainian industry is growing," he said during a traditional Q&A session in the Verkhovna Rada, Ukraine's parliament, on October 5.
According to Kubiv, the country's industrial production in January-August increased by 2.2% year-over-year (y-o-y), chemical output rose by 29.9% and that of the automotive industry by 17.2%.
The official says Ukrainian goods exports have been growing for the past 19 months. In the first seven months of 2018, exports of Ukrainian goods were estimated at $26 billion.
As UNIAN reported earlier, the National Bank forecasts a 3.4% increase in Ukraine's GDP in 2018 amid 8.9% inflation.
The Ukrainian government expects economic growth at 3.2% in 2018 amid 9% inflation.
Ukraine's key lender, the International Monetary Fund, forecasts a 3.2% GDP growth in Ukraine in 2018 amid 11% inflation, while the World Bank predicts a 3.3% increase amid 10% inflation.
