macroeconomics - Latest news GMK Center

Steelmakers invested ₴4.6 billion in production development in January–March

Production of steel and finished steel products declined by 29.9%

The results of the first three months of 2020 proved to be worse than expected

GDP decreased by 0.8% against the previous quarter

The quarantine measures worsened the economic downfall in Ukraine observed since H2 2019

The country copes with this crisis better than before

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

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

The economic growth is however estimated at 3.6% in 2021

Yet, a 2.4% economic growth is projected in 2021

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

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