The potential non-return of 2.8 million working-age women refugees to Ukraine could severely impact the country’s economy, costing it 10% of pre-war GDP, Bloomberg reported on July 24. Citing Russian economist Alexander Isakov, Bloomberg writes that the worst-case scenario could mean that the Ukrainian economy could lose up to $20 billion in annual output. The … Read more
Ukraine’s real GDP in the first quarter of 2023 increased by 2.4% compared to the fourth quarter of 2022, according to Economy Minister Yulia Svyrydenko. “Such data indicates that the economy of Ukraine is adapting and recovering at a faster pace than previously predicted. It continues to work and overcome the challenges of war,” said … Read more
The International Monetary Fund (IMF) has upgraded real Ukraine’s GDP growth for 2023 to a range of 1% to 3% against the previous range of -3%to +1%, although the outlook remains highly uncertain as the war continues, IMF’s envoy to Ukraine, Gavin Gray, said on May 30. “The Ukrainian economy has shown remarkable resilience – economic activity … Read more
The Cabinet of Ministers has improved its forecast for Ukraine’s GDP growth in 2023 to 3.2%, Ukrainian Finance Minister Serhiy Marchenko wrote in an article about the adaptivity of Ukrainian business, which was published online on May 19. Earlier predictions of economic growth were at 1%. The National Bank of Ukraine recently improved its forecast from … Read more
The hryvnia forex rate and inflation will improve in Ukraine in 2023, with the economy growing by 3%, analysts from the Dragon Capital investment company said in their updated economy forecast for June. The favorable macroeconomic background and the improvement of the situation on the foreign exchange market create opportunities to return to limited exchange … Read more
The decline in Ukraine’s real GDP slowed to 13.5% in Q1 2023, against 31.4% and 30.6% in Q3 and Q4 2022, respectively, the National Bank of Ukraine (NBU) said in its April 2023 Inflation Report. However, according to the NBU, the economy will start recovering immediately, rising by 15.9% from Q2 2023, because of the low base of comparison … Read more
The International Monetary Fund (IMF), which previously estimated the dynamics of the Ukrainian economy this year from a 3% decline to a 1% growth, is inclined to believe that GDP growth in 2023 may be at the upper limit of this range. According to the materials of the fund, published on Saturday night, this is … Read more
Real gross domestic product (GDP) of Ukraine in the fourth quarter of 2022 fell by 31.4% compared to the fourth quarter of 2021 after falling by 30.8% in the third quarter, 37.2% in the second and 15.1% in the first, such an assessment was published by the State Statistics Service on Monday. According to the … Read more
The real gross domestic product (GDP) of Ukraine in 2023 will decrease by 0.1% with a spread of estimates from a decline of 4.6% to an increase of 5.5%, such a consensus forecast of eight companies and non-state institutions was published by the Center for Economic Strategy on Monday. According to a forecast involving Concorde … Read more
The European Bank for Reconstruction and Development (EBRD) forecasts a rise in Ukraine’s GDP only by 1% in 2023, down from the 8% forecast last September, the agency reported on Feb. 16. According to the EBRD, the region of eastern Europe and the Caucasus is facing enormous uncertainty in the short term because of the ongoing war … Read more