KYIV, June 18 – The growth rate of Ukraine's gross domestic product (GDP) in May slowed to 3.5% from 4.2% in April and 4.8% in March due to significant damage to power generation from Russian attacks, according to the Monthly Economic Monitor of the Institute for Economic Research and Policy Consulting (IER).

"Due to the damage to power generation, restrictions on electricity supply for businesses were applied. According to IER estimates, the growth rate in the manufacturing industry slowed to 5% from 11%. At the same time, easier logistics supported sector development, particularly in machinery and metallurgy," said IER.