coronavirus - Latest news GMK Center

Yet, a 2.4% economic growth is projected in 2021

Shipment of earlier manufactured products from Ferriera Valsider and Metinvest Trametal is currently in progress

Production of rolled products fell by 7.7% and pig iron by 7.1%

According to the GMK Center Chief Analyst, the sector will be able to recover to the pre-crisis state in 2021

A further fall in GDP may be expected in the future, which, according to the Cabinet of Ministers, will reach 4.8% in 2020

Ukraine cannot afford an ongoing and strict quarantine. Otherwise, the country will lose 16–20% of its GDP

The government plans to commence restarting the economy in early May

Until a vaccine is found, mass events will be banned and public transport restricted

The regulator does not abandon its plans to reduce its interest rate to 7% by the end of 2020

The Ministry also develops programs to help businesses access credit resources

They imply a cut in production and sales by 30–50%

An emergency was declared for 30 days, quarantine is extended until 24 April