The Ukrainian economy has demonstrated growth indexes in Q1. Experts of the Economic Development and Trade Ministry forecast that in 2011, GDP growth will make up 4.5%. Next year, under certain assumptions, this index can reach over 6%, Deputy Minister for Economic Development and Trade Anatoliy Maksiuta told a briefing at the Cabinet.

According to him, in Q1, a growth index in the industry amounted to 9.7%, agricultural production increased by 5.3%. For the first time over recent years, a growth is fixed in the construction industry by 6.8% over a quarter. "Main factors that influenced those indexes are a growth of export-oriented branches, processing industry, as well as the favorable conjuncture on foreign markets," Maksiuta underscored.

He noted that a positive dynamics is observed on the labor market.

"Nominally, since the year start, the real wages grew by 19.9% to UAH 2,389," he said.

Maksiuta noted that in Q1 against the same period of the previous year, a growth of the consumer price index has considerably slowed down and makes up 3.3%. "I hope that by the end of the year, the country's economy will keep to the planned inflation index of 8.9%," the Deputy Economic Development and Trade Minister noted.

UKRINFORM