Photo from UNIAN
The official says Ukrainian goods exports have been growing for the past 19 months.
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%.
Read alsoOfficial names drivers for future GDP growth
"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.