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
Ukraine’s GDP decline in 2020 will amount to 4.2% instead of the growth of 3.2% expected in October last year, such an updated consensus forecast was released by the Ministry of Economic Development, Trade and Agriculture. “According to experts, Ukraine will show a deeper decline than the global economy, which will be 4.2% in 2020. … Read more
The international rating agency Fitch Ratings expects acceleration of growth of the Ukrainian economy from 3.2% in 2019 to 3.5% in 2020 and 3.8% in 2021 due to private consumption and investment. “According to official estimates, the economy grew by 3.2% in 2019 and Fitch expects growth of 3.5% in 2020 and 3.8% in 2021 … Read more
Growth of Ukraine’s GDP in 2019 slowed from 3.4% in 2018 to 3.3%, while the drivers of this growth have changed, the Ministry of Economic Development, Trade and Agriculture of Ukraine said on Tuesday. “The growth of the composite manufacturing index (CMI) for goods and services by main types of economic activities slowed significantly – … 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
The growth of Ukraine’s gross domestic product (GDP) in July-September 2019 amounted to 4.2% compared to the same period in 2018, while in the second quarter the growth rate was higher and amounted to 4.6%, in the first quarter it amounted to 2.5%. Such an assessment was released by the State Statistics Service. The agency … Read more
The European Bank for Reconstruction and Development (EBRD) has reviewed upwards the expectations for the economic growth in Ukraine in 2019 from 2.5% to 3.3% and from 3% to 3.5% in 2020, according to the EBRD Regional Economic Prospects report. “The country’s GDP growth is set to stay at 3.3% in 2019 (a repeat of … Read more
A conservative estimate by the Ministry of Economic Development, Trade and Agriculture envisages a 3.7% GDP growth in 2020, while under an optimistic scenario – 4.8% growth, Deputy Minister Serhiy Nikolaichuk has said following the preparation of an updated macroeconomic forecast. “Next year, we expect growth to accelerate to 3.7%,” he said during a press … Read more
The International Monetary Fund (IMF) expects that Ukraine’s GDP would grow by 3% at the end of 2019 and by 3% in 2020, according to its Economic Outlook posted on the IMF’s website. According to the document released on Tuesday, the IMF also expects that the inflation rate in Ukraine this year will be 8.7%, … Read more
Fitch has said that after a strong Q2 2019 (4.6% year-over-year), Fitch projects 3.4% growth in 2019, reflecting strong domestic demand and exports driven by the agriculture sector (wheat harvest). “Growth will moderate slightly (3.2%) in 2020 due to reduced consumer impulse, normalisation of the agricultural sector performance and some spill-overs from reduced gas transport … Read more