Ukraine`s gross domestic product (GDP) growth amounted to 2.5 percent in the first half of 2012, Ukrainian Prime Minister Mykola Azarov said here Wednesday, according to Xinhua.

"The indicators are positive, but there are still a few directions that need a close attention," said the prime minister while opening a government meeting.

Azarov said it is necessary to take steps towards deregulation, to stimulate investments in construction and improve monetary policy, as Ukraine`s economy needs cheaper loans.

Ukraine`s economic growth slowed to 2 percent year-on-year in the first quarter of the year from 5.4 percent in the same period in 2011.

The government forecasts GDP growth at 5 or 6 percent in the current year, while the outlook projected by international financial institutions remains at 1 to 3 percent.