Volodymyr Groysman: Ukraine has all chances to boost GDP by 5-7% in 2019

Ukraine has all chances to achieve its GDP growth at the level of 5-7% in 2019, and such growth should become the key goal for the Government and the main reference point in the economy for the coming years. Prime Minister of Ukraine Volodymyr Groysman announced during a meeting of the Regional Development Council with the participation of the President of Ukraine Petro Poroshenko.

He stressed that Ukraine had already overcome the slowdown of 2014-2015, caused by the hybrid war, the loss of 20% of industrial output and a quarter of its economic potential. Now the state consistently and gradually is restoring the pace of development despite the external threats and decades of lost opportunities.

“To settle all the problems hard work is necessary, so that we can provide a clear and tangible result for the people’s benefit. They should understand that the laws we are adopting are not just mere papers,” Volodymyr Groysman said, “We need a sound and strong economy ... We forecast economic upturn at 3% in 2018. This means that we must produce goods by UAH 402 billion more, this means jobs for our citizens, improved incomes of Ukrainian citizens. However, do these 3% reflect our capabilities? No! In fact we are capable of boosting economic growth by 5-7% starting 2019."

Among the key reforms in the state, Volodymyr Groysman stressed, are decentralization, which created the prerequisites for the revival of towns and villages, the beginning of major road repairs, the restoration of energy potential and the introduction of systemic changes in education, healthcare and pension provision sectors.

The Head of Government assured that Ukraine has every opportunity to achieve the set goals. The State possesses significant potential in agriculture, energy, metallurgy, machine engineering, light industry, high technology, and creative industries as well.