GDP of Ukraine fell 10.5% in the 1st quarter of 2023; expectation was curfew of 14.1%

The Gross Domestic Product (GDP) of Ukraine fell 10.5% in the first quarter of the year in comparison with the same period of the previous year, reported the Ministry of Economy of the country in this sixth fair (9).

The ministry said in a statement that it was less than initially expected, indicating that the economy is adapting to the events following the Russian invasion more quickly than expected.

The ministry said that it initially expected the GDP to fall 14.1% in the first quarter of 2023.