Official names drivers for future GDP growth

Kubiv revealed five factors required to this end.

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First Deputy Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv has said Ukraine may ensure the growth of gross domestic product (GDP) at the level of 5-7%, for which it is necessary to continue structural reforms, support small and medium businesses, fight corruption, attract investment, modernize production, and increase exports.

"Ukraine has achieved a lot over the past four years. But we understand this is not enough. We need to grow by 5-7% for a powerful result," he said in the Verkhovna Rada.

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"There should be five drivers for this growth. The first factor is the continuation of structural reforms and the fight against corruption. The second is attracting investments, the third is innovation and modernization of production, the fourth is support for small and medium businesses, and the fifth is an increase in exports," Kubiv said.

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