BNE IntelliNews Sept. 2021 Ukraine Country Report conclusions.

“Ukraine’s economy has been recovering from last year’s crisis with industrial production bouncing back strongly in April, up 13% y/y. However, the growth is going off the boil now with industrial production also falling back to a mere 1.1% y/y in June as the low base effects fade away. The fly in the ointment has been inflation which has come roaring back this year and broke above 10% for the first time in years in July to reach 10.2% after the National Bank of Ukraine (NBU) had effectively crushed inflation in the summer of 2020 as it briefly dropped below 2%.”