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macroeconomics - Latest news GMK Center

Photo – The Ministry of Economy estimates a drop in GDP in January–June at 6.5%
The Ministry of Economy estimates a drop in GDP in January–June at 6.5%

The economic recession in Q2 reportedly reached 11%

Photo – The National Bank predicts a 11% drop in Ukraine’s GDP in Q2
The National Bank predicts a 11% drop in Ukraine’s GDP in Q2

The main reason - restrictions on certain activities

Photo – National Bank: Ukraine’s real GDP may fall by over 5% in 2020
National Bank: Ukraine’s real GDP may fall by over 5% in 2020

The second quarter is expected to bring a deeper real GDP contraction

Photo – The State Statistics Service reported a 1.3% GDP drop in Q1
The State Statistics Service reported a 1.3% GDP drop in Q1

The agency had expected a 1.5% economic decline in Ukraine

Photo – The government expects an 8% drop in Ukraine’s GDP in 2020
The government expects an 8% drop in Ukraine’s GDP in 2020

The updated government’s action plan is sent to the Verkhovna Rada for consideration

Photo – Moody’s raised Ukraine’s credit rating to В3
Moody’s raised Ukraine’s credit rating to В3

A rise in Ukraine’s rating is a powerful positive signal to Ukrainian and foreign investors, said the Prime Minister of Ukraine, Denys Shmyhal

Photo – The NBU cut the interest rate from 8% to 6%
The NBU cut the interest rate from 8% to 6%

The regulator believes that inflation will grow at a moderate pace in the future

Photo – The Ministry of Economy estimates a drop in Ukraine’s GDP at 5% in January–April
The Ministry of Economy estimates a drop in Ukraine’s GDP at 5% in January–April

In April, Ukraine’s industry fully felt the adverse impact of the pandemic

Photo – Ukraine’s GDP fell by 12% in April
Ukraine’s GDP fell by 12% in April

Economic recession may reach around 10% in Q2

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