GDP’s indicators are falling

As it was reported by the National Bank, in the first quarter the real GDP growth rates slowed down by almost 2% compared to the previous quarter – up to 3%. The situation worsened due to the blockade of the Donbass. As a result, the mining and metallurgical production had to be sharply reduced. Thus, in March country received less steel and pig-iron (respectively) by 15% and 18% compared with January. As a result, indicators of related industries deteriorated.

Yes, and consumer demand  did not please during the first months of the year, although the minimal wage became twice as large.

Still, investments showed high growth rates. The production of machinery and equipment has significantly increased, including for the railway, construction is still going on and the volume of imports of engineering products has increased as well.