Ukraine's GDP sees 1.1% growth in Jan-Feb 2025 - minister

MOSCOW. March 19 (Interfax) - Ukraine's gross domestic product grew 1.1% in January-February 2025, Ukrainian First Deputy Prime Minister and Economy Minister Yulia Sviridenko said.

"Ukraine's economy is gradually recovering and showing signs of growth," Ukrainian media outlets quoted Sviridenko as saying in a statement on social media.

She listed skilled workforce shortages, limited access to financing, damaged energy infrastructure, rising energy costs and logistical constraints among the main problems facing the country.

As reported, on February 28 the International Monetary Fund cuts its 2025 economic growth forecast for Ukraine by 0.5 percentage points to 2%-3%. Other institutions have also downgraded their Ukraine GDP growth forecasts for 2025, with the European Bank for Reconstruction and Development cutting it from 4.7% to 3.5%, the World Bank from 6.5% to 2%, and the National Bank of Ukraine from 4.1% to 3.6%. Meanwhile, Ukraine's 2025 budget is based on a 2.7% GDP growth projection.