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GISMETEO.RU
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Ukraine’s economy contracts 35% on year in August, ministry reports
Journal Staff Report

KYIV, Sept 9 – A decline in real gross domestic product (GDP) of Ukraine amounted to approximately 35% in August 2022 compared to August 2021, this estimate was given by the Ministry of Economy on Thursday.

"As you can see, the GDP decline rate is slowing down. This is confirmed by the trends that were observed in the second quarter and August of this year," the ministry points out, commenting on the data released by the State Statistics Service on a GDP decline in the second quarter of 2022 by 37.2% compared to the second quarter of 2021, which is less than the previous estimates of the Ministry of Economy (40.6%).




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