KYIV, May 21 – Ukraine's real gross domestic product (GDP) growth in April 2024 slowed to 4.1% compared to April last year due to Russian attacks on the Ukrainian power grid, compared with 4.8% in March, 5% in February and 5.2% in January, according to the Monthly Economic Monitoring of the Institute for Economic Research and Policy Consulting (IER).

“Due to increased shelling, a significant part of the generation was damaged, which resulted in power outages for business and the population. Restricted power supply will lead to a further decrease in the rate of GDP growth,” leading researcher at the IER Oleksandra Betliy commented on the published data.