Ukraine’s economy grows due to agriculture and trade

The main drivers of Ukraine’s economic growth in Q2 2019 were trade and agriculture, which showed positive grow dynamics.

This was stated by the Chairman of the Council of the National Bank of Ukraine Bohda n Danylyshyn.

To the Chairman of the Council of the National Bank, retail turnover in January-June of 2019 increased by 10.3% compared to the same period in 2018, and in Q2 2019 by 7.8% compared to the same period in 2018, which connected with the growth of incomes of the citizens.

Agriculture growth is the second factor of the GDP positive dynamics. Its production index in the Q2 of 2019 increased by 5.8%, and by 6.3% if compared to the same period 2018. The agricultural production index was 112 for 7 months of the current year.

“How long can agriculture remain the main driver for Ukraine’s economic growth?” Now, I can state that despite the fairly decent pace of economic dynamics in Ukraine, serious questions regarding the quality of growth are still remain,” Danylyshyn emphasized.

As The Journalist reported, Inflation in Ukraine may fail to stay within target in 2019, forecasted by NBU.