The fall in Ukraine’s real GDP in March 2022 amounted to 45% compared to the same period last year, the state budget deficit this year could reach 16-26% of GDP, Dragon Capital investment company predicts. “According to preliminary estimates, in March, real GDP fell by 45% year-on-year. The blocking and mining of the Black Sea … Read more
Ukraine’s GDP in 2022 will fall by 45.1%, the World Bank predicts, recalling that before the Russian invasion, it expected the Ukrainian economy to grow by 3.2% this year. According to its Europe and Central Asia Economic Update amid the war unleashed by Russia and its consequences, in 2023 the Ukrainian economy is expected to … Read more
J.P. Morgan predicts an economic recession in Ukraine with GDP fall of 4% in 2020, with an average annual inflation of 2.6% (3.5% at the end of the year) and with a sharp rise in the current account surplus of the balance of payments to 5.7% of GDP, according to a review issued on September … Read more
The consumer price index in 2021 may grow by 6.5%, whereas earlier it was predicted to grow by 5.3%, Head of Macroeconomic Research of Investment Group ICU Serhiy Nikolaychuk has said. “In the fourth quarter, year-over-year inflation will return to the NBU target range. We will end the year at 5.3%, according to our forecast. … Read more
The hryvnia will devalue to UAH 29-30/$1 at the end of 2020, and by the end of 2021 it will be UAH 29.50-30.50/$1, Head of Corporate Research at ICU investment group Oleksandr Martynenko has said. “We expect that at the end of the year it will be the range of UAH 29-30/$1. Next year, the … Read more
The Ministry of Economic Development, Trade and Agriculture of Ukraine improved the inflation forecast for 2020 to 5.9% December over December, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023. According to the document, this year … Read more
The Cabinet of Ministers of Ukraine has approved the economic and social development forecast of Ukraine for the next three years, according to which growth of GDP in 2021 will be 4.6% with inflation of 7.3% and in 2022, GDP would grow by 4.3% with inflation of 6.2%. An Interfax-Ukraine correspondent has reported that the … Read more
The forecast of an 8.2% drop in Ukraine’s gross domestic product (GDP) in 2020 is due to a weak stock of savings of Ukrainian households and limited fiscal support to the economy, IMF Resident Representative in Ukraine Goesta Ljungman has said. There are two factors why Ukrainian GDP is falling more than in other countries: … Read more
Ukraine’s economy will shrink by 3.5% in 2020 due to the coronavirus-related crisis, while the global economy will lose 5.2% overall, the World Bank announced this in the updated Global Economic Prospects on Tuesday. “The depth of the contraction will depend on the duration of the health crisis, progress on major pending reforms, and the … Read more
The World Bank has improved the forecast for Ukraine’s GDP growth in 2019 from 3.4% to 3.6%, World Bank Senior Economist Anastasia Golovach has said. “For 2019, we do not expect any surprises and we think that Ukraine’s GDP will grow by 3.6%. A good indicator, but external risks, in some way, are increasing for … Read more