Ukraine’s GDP fell by 1.5% in Q1 according to the State Statistics Service

According to the message published on the  website of the State Statistics Service of Ukraine (State Statistics Service), a 1.5% drop was recorded in the country’s real GDP in Q1 2020 compared to the same period a year earlier.

Real GDP declined by 0.8% against the previous quarter.

As reported earlier, according to the Ministry of Economy, Ukraine’s GDP fell by 1.2% in Q1 2020. The National Bank of Ukraine (NBU) estimates economic recession in Ukraine at 0.5% in Q1.

In 2019, Ukraine’s GDP slowed down to 3.3% from 3.4% in 2018. Industrial production in Ukraine decreased by 1.8% against 2018.

  • Industry

Ukrainian Railways has launched a programme to sell scrap in the form of worn-out carriages

In May, Ukrainian Railways (UZ) launched its previously announced programme to sell large quantities of…

Wednesday June 24, 2026
  • Global Market

India will monitor imports of Chinese steel before introducing new restrictions

India will continue to monitor steel imports for at least another two months before considering…

Wednesday June 24, 2026
  • Society

ArcelorMittal Kryvyi Rih ranks among the top 50 employers for veterans, according to Delo.ua

PJSC ‘ArcelorMittal Kryvyi Rih’ is among the leaders in Delo.ua’s ‘Top 50 Employers for Veterans’…

Wednesday June 24, 2026
  • Global Market

The price of CBAM certificates is not expected to change significantly in Q2 – forecast

The price of CBAM allowances in the second quarter of this year is likely to…

Tuesday June 23, 2026
  • Global Market

The Chinese steel market is experiencing a prolonged downturn in demand – experts

The Chinese steel market is experiencing a prolonged slowdown in demand rather than a sharp…

Tuesday June 23, 2026
  • Global Market

Japan is imposing anti-dumping duties on imports of stainless steel from China and Taiwan

The Japanese Government has announced plans to impose anti-dumping duties on imports of nickel-containing cold-rolled…

Tuesday June 23, 2026