The National Bank of Ukraine (NBU) has worsened the price growth forecast for 2024 and 2025 by 0.3 and 0.6 percentage points (p.p.), respectively – to 8.5% and 6.6% primarily due to increased business costs for labor and electricity. “Price pressure will continue in the coming months due to further increases in business costs, higher … Read more
The Ministry of Economy is forecasting a sharp acceleration in gross domestic product growth starting in 2026, with the 2025-2027 budget declaration, published by MP Yaroslav Zheleznyak, projecting GDP growth of 7.5% for 2026. Such growth rates haven’t been seen in Ukraine since the mid-2000s when Viktor Yushchenko was president. The record for Ukraine is … Read more
The hryvnia to the dollar exchange rate at the end of this year is expected to be about UAH 42/$1, this updated consensus forecast of seven investment companies and analytical centers was published by the Center for Economic Strategy (CES), recalling that six months ago the forecast was UAH 40.5/$1. It is indicated that the … Read more
Ukraine’s economy remains resilient after two years of full-scale Russian invasion. Ukraine is likely to see real economic growth of 3% in 2024. This is reported by the UK Defense Ministry. “Despite attacks by Russia on Ukraine’s energy infrastructure,it is likely that Ukraine will see real economic growth of around 3 percent in 2024,” the … Read more
Ukrainian economic growth this year will slow to 2.9% after 5.3% in 2023, followed by acceleration to 5.9% next year, according to the European Economic Forecast. Spring 2024 report published on the European Commission’s website on Wednesday. “The war will continue to dampen sentiment and hinder productive capacities, including in the energy sector, where early … Read more
The Ministry of Agrarian Policy and Food forecasts gross production of grains and oilseeds in 2024 at 74 million tonnes, of which about 52.4 million tonnes of grains and 21.7 million tonnes of oilseeds. As noted on the department’s website, at the beginning of last year, the total gross harvest of grains and oilseeds for … Read more
The International Monetary Fund (IMF) predicts that Ukraine’s gross domestic product (GDP) will grow by 3.2% in 2024 and by up to 6.5% in 2025 even as the country continues to grapple with the full-scale invasion. Around the same time last year, the IMF initially estimated a 3% decline in Ukraine’s GDP in 2023 before … Read more
According to the NBU, the Ukrainian economy will increase by 7%, and the GDP per person will be $15,500 within a decade after the country’s accession to the EU with the rapid implementation of all necessary reforms. Under a partial implementation of reforms, the economy can grow by about 4% for ten years, and GDP … Read more
The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will be ₴39 for $1. The founder of the Dragon Capital investment company, Tomas Fiala, announced the forecast … Read more
Analysts estimate the negative impact on housing demand due to the war at $20B. In the coming years, prices for apartments in Ukraine will continue to rise – both in the primary and secondary real estate markets. UTG analysts predict this as a result of increased construction costs and high demand. So, looking at construction … Read more