Ukraine's economy starts to recover in third quarter – Shmyhal

09:21, 17.08.2020 1 min read

 Prime Minister of Ukraine Denys Shmyhal noted that the Ukrainian economy began to recover in the third quarter.

"In the third quarter, the Ukrainian economy began to recover. In addition to the recovery in consumption, this was positively affected by the harvest, which was actually postponed from the second quarter to the third due to weather conditions. Also, according to forecasts of the Ministry of Economy, in the next three years, GDP will grow on average more than 4% annually," wrote Shmyhal on his official Facebook page on Saturday night.

The premier noted that the situation with the coronavirus is not only a serious blow to the medical systems of different countries.

"This is also one of the largest economic recessions in the past 70 years. Almost all world economies showed a rapid decline in GDP in the second quarter," Shmyhal said.