Cabinet: economy on rebounce

14:18, 12 May 2011
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mainly thanks...

Ukraine`s economy continues to recover after a deep fall in 2009 and began restoration in 2010, the results of the 2011 first quarter showed, Deputy Minister for Economic Development and Trade Anatoliy Maksyuta told a news briefing, according to KyivWeekly.

The official says industrial output grew 9.7% mainly thanks to the growth of export-oriented and processing industries.  He said the consumer price index fell to 3.3% from 4.7% in Q1 last year: "We hope we will stay within the planned indicators of 8.9% by the end of the 2011," Maksyuta said.

According to the deputy minister, the nation’s agriculture demonstrated an encouraging growth of 5.3% in the first four months of the year. In addition, construction industry that was ailing in the past several years grew 6.8%, mainly thanks to “the intensification of preparations for Euro 2012, and the overall recovery of construction and government  efforts both at central and local levels.".

"In general we have prerequisites for further economic growth," said deputy minister adding that the government expected economic growth at 4.5% this year and over 6% next year."

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