Decline in the agricultural sector slows economic recovery - NBU

In the second quarter of 2025, Ukraine's real GDP grew by 0.7% year-on-year (y/y), and by 0.2% in seasonally adjusted terms compared to the previous quarter. At the same time, the growth rate of the economy in annual terms slowed down compared to the first quarter of this year (0.9% y/y). This is stated in the comment of the National Bank of Ukraine regarding the publication by the State Statistics Service of the relevant detailed indicators, writes APK-Inform. As noted by the NBU, the main factors restraining economic growth remain the consequences of the full-scale war: loss of people, territories, production capacities, and infrastructure. The decline in agricultural performance also contributed significantly to the slowdown in recovery in the second quarter. The actual growth rate of real GDP turned out to be lower than the National Bank's estimate published in the Inflation Report for July 2025 (1.1% y/y) primarily due to the more significant impact of negative weather ...