According to Kyrylo Shevchenko, the Governor of the Central Bank, two new factors are degrading economic performance.

Friday, April 16, 2021

“The low rate of vaccination in Ukraine creates an additional risk of future economic losses,” he said. Less than one percent of Ukraine’s population has received a first shot of a coronavirus vaccine. Russia’s big military buildup is also increasing uncertainty. He said: “After the news of the beginning of the escalation, we felt additional demand from non-residents to buy foreign currency.”

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With coronavirus lockdowns gripping much of Europe, especially Germany,

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The National Bank of Ukraine also downgraded its forecast for real GDP growth in 2021 to 3.8%, from 4.2%.

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