Ukraine GDP contracts 0.5 percent in the first quarter
Ukraine's economy shrank 0.5 percent in the first quarter of 2026. The central bank lowered its growth forecast to 1.3 percent amid energy sector disruptions.
Xurve View
Xurve View
Ukraine real GDP shrank 0.5% year-on-year in the first quarter of 2026, according to the national statistics service. Output fell 0.7% compared to the fourth quarter as energy infrastructure faced drone and missile strikes. The contraction forced the central bank to cut its 2026 growth forecast to 1.3% from 1.8%.
Russia targeted the energy sector with hundreds of drones and missiles during the winter months. Economists said these attacks caused long blackouts and disrupted water and heating supplies.
