macroeconomics - Latest news GMK Center

Ukraine’s GDP shrank following a four-year growth

The mining & metals sector contributed 5.2% of Ukraine’s GDP last year

A decline in Ukraine’s steel production slowed down to -3.9%

The rate was raised for the first time over the last nine months

The strategy envisages 20 main vectors of Ukraine’s development

Annual inflation will grow to 7.2%

Ukraine’s economy grew by 0.8% against the previous quarter

The Ministry estimated a 4.2% decline in Ukraine’s GDP in 2020

Ukraine’s economy may grew by 4.6% in 2021

The projected economic growth in 2021 remains at 4.2%

However, the Ministry predicts a GDP growth starting Q2

Early October it estimated the growth of Ukraine’s economy at only 1.5%