National Bank: Ukraine's GDP grew by 0.7%

At the same time, the NBU notes, economic growth slowed compared with the first quarter of 2025 (0.9% year on year).

Economic growth was held back by the consequences of the full-scale war: the loss of people, territory, production capacity and infrastructure. Weaker agricultural performance also had an effect.

At the same time, the National Bank forecasts that the economic recovery will speed up in the second half of the year. This may happen thanks to the harvest, steady domestic demand and greater fiscal stimulus amid expanding budget spending.

Economic growth will be fully constrained by the difficult security situation and the consequences of attacks on infrastructure, the NBU concludes.