KYIV, May 3 – The National Bank of Ukraine (NBU) assessed the real gross domestic product (GDP) growth of Ukraine in the first quarter of 2024 at 3.1% compared to the same period last year, while in January it forecasted it at 7.1%.

"According to the NBU's estimates, real GDP growth in Q1 2024 was weaker than expected, mainly as a result of contained budgetary spending amid the uncertainty about inflows of external financing. The blockade of the western borders was an additional factor restraining the activity in some economic sectors," said the National Bank in its Inflation Report published on its website.