macroeconomics

Industrial prices are falling for the fifth month in a row

The rate of decline in prices slowed down against the previous month due to food manufacturers

(с) shutterstock.com
Ukraine’s foreign trade in goods declined by 1% in January–March

Ukraine’s exports of goods in Q1 remained at the same level as in Q1 2019

МВФ прогнозирует спад ВВП Украины на 7,7% в 2020 году (c) reuters.com
The IMF projects a 7.7% decline in Ukraine’s GDP in 2020

The economic growth is however estimated at 3.6% in 2021

Верховная Рада приняла поправки в госбюджет на 2020 год
The Parliament adopted amendments to the 2020 state budget

Budget revenues are reduced by 11% to ₴975.8 billion, whereas spending increased by 7% to ₴1.266 trillion

(c) shutterstock.com
A fall in Ukraine’s GDP was 0.2% in January–February

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

Кабмин ожидает падения ВВП в 2020 году на 4,8% (c) shutterstock.com
The government expects a 4.8% drop in GDP in 2020

According to the government’s estimates, Ukraine’s exports of goods and services will drop by 5.5% next year

Премьер допускает смягчение карантинного режима после майских праздников (c) unian.net
The Prime Minister says the quarantine may be eased after May holidays

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

Минэкономики ожидает в 2020 году спад ВВП Украины на 3,9% (c) shutterstock.com
The Ministry of Economy expects a 3.9% decline in Ukraine’s GDP in 2020

The Ministry revised its initial growth forecast of 3.7%

shutterstock.com
Ukraine’s industrial production decline slowed down to 1.5% in February

Production of steel and finished steel products declined by 4.1%

Mining & metals companies generate every eighth hryvnia of Ukraine’s GDP

One steel worker in Ukraine creates 2.2 jobs in related industries

Industrial production in January dropped by 5.1%

Production of steel and steel products declined by 10.3%, while mining of metal ores by 1.5%

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