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Ukraine's economy begins to recover after coronavirus crisis, - PM

Source : 112 Ukraine

According to the prime minister, positive trends are already recorded in the first four months of 2021
09:59, 30 May 2021

Prime Minister of Ukraine Denys Shmygal
kmu.gov.ua

The Ukrainian economy has begun to recover from the crisis caused by the Covid-19 pandemic. In the first four months of this year, industry and retail showed significant growth, Prime Minister Denys Shmyhal said on his Facebook page.

According to him, already in the first four months of 2021, positive trends have been recorded, which indicate that the Ukrainian economy has begun to recover from the coronavirus crisis.

Related: Inflation rate in 2022 will be 6.6%, - Ministry of Economy forecast

Thus, industrial growth in April accelerated to 13% (compared to April 2020). And in four months of this year, the industry has grown by 1,5%. The fastest growth is observed in the chemical industry, as well as in the manufacture of furniture. Mechanical engineering increased by 6.5% in 4 months.

Also, retail trade grew by 14% compared to the same period in 2020. And the average salary for April 2021 was 30% higher than that of April last year.

Related: 13 oligarchs in Ukraine have a very big influence on economy, domestic and foreign policy, - Danilov

Exports of Ukrainian products in the first 4 months of this year increased by almost 20%. The main markets are China (14.2% of total exports), Poland (7.6%), Turkey (6.4%). Recently, 8 new markets have been opened, in particular, countries in Africa and South America.

As we reported earlier, the World Health Organization (WHO) criticized the politicians' interference in the investigation into the origin of the SARS-CoV-2 coronavirus.

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