macroeconomics

The World Bank improved the growth forecast of Ukraine’s economy in 2023 to 3.3%

Expectations for 2022 have also improved – falling 35% from the previous forecast of 45.1%

External revenues amounted to 39% of the state budget in September 2022

During the month, financing of the state budget of Ukraine with its own resources amounted to about 115 billion UAH, and with external resources – 74.5 billion UAH

The EBRD lowered the forecast for the growth of Ukraine’s economy in 2023 to 8%

Expectations regarding the fall in the country's GDP in 2022 remained at the level of 30%

Ukraine to attract $37.9 billion to the state budget

According to the draft state budget, $13.6 billion will be allocated to eliminate the consequences of the war

Deficit of trade in goods decreased to $111 million for the first half of September 2022

During the first half of the month, Ukraine exported products worth $1.18 billion, and imported – $1.93 billion

The State Statistics Service estimates a drop in Ukraine’s GDP in the second quarter of 2022 at 37.2% y/y

Compared to the previous quarter, the country's economy decreased by 19.1% in April-June 2022

The decline of Ukraine’s economy slowed to 35% y/y in August 2022 – Ministry of Economy

In 2022, the department predicts a decline in the country's GDP by 33.2% on an annual basis

The foreign trade deficit in goods in August decreased by a third compared to July

In August, exports of goods increased by 13.9% compared to the previous month, while imports decreased by 2.3%

Grants and loans accounted for 56% of the state budget in August

During the month, financing of Ukrainian state budget with own resources amounted to UAH 134 billion, and external resources – UAH 172 billion

International partners have provided $17.5 billion in aid to Ukraine since the beginning of the war

In the coming months, the next tranche of macro-financial assistance from the European Union in the amount of €8 billion is expected

The deficit of foreign trade in goods increased by 4 times y/y in July

In July 2022, exports of goods from Ukraine decreased by 47.9%, imports – by 21.9%

The Ministry of Economy predicts a drop in GDP by 35-40% by the end of 2022

The National Bank has similar forecasts for the development of the Ukrainian economy