Ukraine PM says economic growth can be doubled if backed by industrial development

Photo from UNIAN

"We have great potential. We expect a 3% growth, but it can be doubled. We can give an impulse to the development of production and stop being an economy which supplies raw materials, as it is now," the prime minister said at a government meeting, noting the need to establish the National Industrial Recovery Committee.

Read alsoUkraine creates industrial development committeePreviously, Groysman announced the setting up in October of the Investment Support Office and the National Industrial Recovery Committee.

Ukraine's industrial output in August 2016 grew by 3.4% year-over-year, after a 0.2% decrease recorded a month before, according to the State Statistics Service of Ukraine.