The Minister of Economy Yulia Svirydenko stated that Ukraine would end 2021 with the highest dollar GDP in its history (approximately 195 billion). She announced this on Facebook. “Next year we plan to reach a high growth rate of gross domestic product due to the launch of several programs. In particular, large-scale thermal modernization of … Read more
Ukraine’s draft state budget for 2022 envisages economic growth of 3.8%, inflation at 6.2% and an average annual exchange rate of UAH 28.6 per U.S. dollar, Finance Minister Serhii Marchenko has said. He said this at a government meeting on Wednesday, September 15, presenting the country’s draft state budget for 2022, according to an Ukrinform … Read more
The drop in the gross domestic product (GDP) of Ukraine in the third quarter of 2020 was 3.5% compared to the same period in 2019, while in the second quarter the decline was 11.4%, and in the first 1.3%, this preliminary estimate was published by the State Statistics Service. According to the report, in relation … Read more
The drop in the gross domestic product (GDP) of Ukraine slowed to 5.8% for 8 months of 2020. Some industries have even shown growth. The Review of economic activity from January to August 2020 shows it on the website of the Ministry of Economy. They report that in August, with continuing adaptive quarantine, almost all … 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 decision to partially buy back GDP warrants issued during the restructuring of Ukraine’s external debt in 2015 is aimed at reducing payments from the state budget, which next year should amount to $40 million, and for the entire circulation period of these securities may exceed $22 billion by 2040, Finance Minister Serhiy Marchenko has … 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
The fall in Ukraine’s real gross domestic product (GDP) in 2020 may be deeper than expected in the April forecast of the National Bank of Ukraine (NBU), that is, below the 5% level, the regulator’s website reports. “The available data indicate that the fall following the results of the year is likely to be deeper … Read more
The Cabinet of Ministers has said that a drop of Ukraine’s GDP in 2020 could be up to 8% compared to 2019, according to the updated government action plan. “Ukraine is traditionally more vulnerable to economic shocks, and therefore could feel a more significant impact: GDP may fall by 4-8% compared with 2019,” the government … Read more