The full-scale Russian invasion of Ukraine has cost the country a third of its GDP, National Bank of Ukraine (NBU) chairman Andriy Pyshnyi in an interview on Ukrainian TV channel We are Ukraine on Jan. 7. “Ukraine’s critical dependence on international financial assistance remains,” noted Pyshnyi. “This source is fundamentally important for us, as the … Read more
Ukraine saw a significant drop in inflation accompanied by robust economic growth in 2023, Andriy Pyshnyi, the Ukrainian National Bank’s (NBU) head, said in an interview with the “We are Ukraine” YouTube channel on Jan. 6. “At the beginning of the year, inflation was 26%, the forecast predicting zero economic growth, immense uncertainty, and a … Read more
Real gross domestic product (GDP) of Ukraine in the third quarter of 2023 increased by 9.3% compared to the third quarter of 2022, while in the second quarter there was a jump of 19.5% after a fall of 10.5% in the first quarter and 31.4% in the fourth quarter of last year. According to the … Read more
Investment company Dragon Capital has revised its economic growth projection for Ukraine in 2023 to 5.2%, up by 0.7 percentage points, despite external financing risks, the company reported on Dec. 8. The Ukrainian economy’s faster-than-expected recovery is attributed to increased exports through seaports, a stable electricity supply, and better-than-anticipated harvests, according to Dragon Capital’s macroeconomic update. Ukraine exported approximately 4 million tons … Read more
Investment company Dragon Capital* has halved its GDP growth forecast for 2024 to 4.0% year-over-year, and expects the hryvnia exchange rate to reach 39 UAH/USD by the end of next year, firm said in an updated forecast economic forecast for Ukraine. “Given the dynamics of events on the front, we revise our key assumption for … Read more
Real gross domestic product (GDP) of Ukraine in the second quarter of 2023 increased by 19.5% compared to the second quarter of 2022, after falling by 10.5% in the first quarter and 31.4% in the fourth quarter of last year. According to the recent assessment of the State Statistics Service, released on Friday, compared with … Read more
Ukraine’s real GDP growth in July slowed from 15% to 8%, compared to the same period last year, the Institute for Economic Research and Policy Consulting (IER) stated in its monthly economic monitoring report on Aug 17. “The slowed growth is primarily due to the presence of a higher statistical base, as the decline of … Read more
Despite significant losses, the Ukrainian economy has displayed a resilient trend of growth since the beginning of 2023, Ukraine’s Economy Ministry has said. The ministry initially projected a GDP growth of 3.2%. However, due to the sabotage of the Kakhovka dam by Russian forces, the forecast was revised to 2.8%. As it turns out, those … Read more
Ukraine’s real GDP growth in the second quarter of 2023 reached 20-21% compared to the second quarter of 2022, according to the leading researcher of the Institute of Economic Research and Political Consultation (IED), Oleksandra Betlii. “There has been rapid growth so far. But there will be a significant slowdown in the second half of … Read more
The performance of the Ukrainian economy continues to significantly exceed expectations thanks to uninterrupted inflows of international financial assistance and growth may exceed 5% this year, according to the economic forecast of the Investment Capital Ukraine financial group released on July 25. On the demand side, GDP growth is supported by household consumption. A gradual … Read more