Ukraine’s GDP

A decline in Ukraine’s steel production slowed down to -12.6%

The reason for a better economic forecast is recovery of economic activity following the lift of strict lockdown

Yet, a 4.2% GDP growth is projected in 2021

Ukraine’s steel industry declined by 13.2%

A decline in Ukraine’s steel industry accelerated to 13.6% in a month

GDP declined by 9.9% against the previous quarter

Experts consider a second wave of the COVID-19 pandemic in H2 2020 is highly possible

The economic recession in Q2 reportedly reached 11%

The main reason - restrictions on certain activities

Forecast for interest rate remains at 6%

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

The agency had expected a 1.5% economic decline in Ukraine