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Ukraine’s economy - Latest news GMK Center

Photo – Inflation in Ukraine fell to 7.2% y/y in June
Inflation in Ukraine fell to 7.2% y/y in June

Price rises are expected to accelerate towards the end of 2026

Photo – Ukraine’s trade turnover reached $70.3 billion in H12026
Ukraine’s trade turnover reached $70.3 billion in H12026

Between January and June, goods worth $49.3 billion were imported into the country

Photo – Ukrainian businesses reduced energy consumption by 41.5% compared with 2021 last year
Ukrainian businesses reduced energy consumption by 41.5% compared with 2021 last year

Last year’s figure was 3.6% lower than the results for 2024

Photo – URC 2026: what Ukraine and the steel industry gained
URC 2026: what Ukraine and the steel industry gained

Following the conference, more than 160 agreements worth over €12 billion were signed

Photo – The ECA supported Ukrainian exports to the tune of 7.4 billion UAH in January–May
The ECA supported Ukrainian exports to the tune of 7.4 billion UAH in January–May

During this period, 33 agreements were supported for 29 exporters

Photo – The IMF has downgraded forecast for Ukraine’s GDP growth in 2026
The IMF has downgraded forecast for Ukraine’s GDP growth in 2026

The Fund notes that the risks to the economy remain extremely high

Photo – The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y
The State Statistics Service has revised the rate of GDP decline in Q1 downwards to 0.6% y/y

The economic situation is deteriorating due to the impact of winter shelling on the energy sector and the electricity shortage

Photo – The impact of the war in the Middle East on Ukraine’s economy in 2026: the NBU’s perspective
The impact of the war in the Middle East on Ukraine’s economy in 2026: the NBU’s perspective

Depending on the scenario, the direct impact of rising energy and fertilizer prices is estimated at $1.5–3.2 billion

Photo – Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy
Ukraine continues to explore ways to mitigate the impact of the CBAM on the economy

The main challenges lie in working with the European Commission, while the European Parliament supports Ukraine's position

Photo – Business confidence in the construction sector improved slightly in Q2
Business confidence in the construction sector improved slightly in Q2

Ukrainian construction companies have enough work lined up to last an average of six months

Photo – Ukraine’s GDP contracted by 0.5% y/y in Q1
Ukraine’s GDP contracted by 0.5% y/y in Q1

The economic downturn was caused by intensified shelling, severe cold weather, and power shortages

Photo – The NBU kept its key policy rate at 15%
The NBU kept its key policy rate at 15%

The regulator has lowered its inflation forecast for this year

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