Ukrainian PM: Economic growth rate can be doubled in one year
The Prime Minister of Ukraine, Volodymyr Groysman, stated that the doubling of Ukraine's economic growth rate can happen in a year contingent on industrial development and economic transition, UNIAN reported.
“We have great opportunities. We achieved 3% growth but that can be doubled. We can give an impetus to the development of production in order to cease to be the raw type of economy that we are today,” Groysman said. Earlier, the Prime Minister announced the creation of the National Committee for restoration of industry.
According to the State Statistics Service of Ukraine, the growth of industrial production by 3.4% was registered in Ukraine in August 2016 in annual terms as compared to August 2015 after the 0.2% drop experienced in the previous month.