Ukraine’s economic growth will slow to 3% this year, and the budget deficit will reach 20.7% of GDP. “The National Bank of Ukraine predicts that economic growth will slow to 3% in 2024 due to the loss of energy infrastructure and an expected electricity deficit of about 5%. In 2025-2026, GDP growth w... #BudgetDeficit #GDPinUkraine #InflationinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
How Ukraine’s military economy will grow: the government’s forecast. Despite the war, the Ukrainian economy will grow by approximately 4.6% in 2024, although Russian missile attacks may worsen this indicator, said Minister of Economy Yulia Svyrydenko at the Kyiv Invest... #DefenseIndustryUkraine #GDPinUkraine #UkraineDevelopment #UkraineEconomicForecast #UkraineEconomy #YuliyaSvyridenko
The government noted an acceleration of GDP growth in March to 4.6%, but analysts predict a further decline. The Ministry of Economy estimated GDP growth in March to be at the level of 4.6%, while in January, the growth was at 3.5%, and in February, 3.9%. The GDP growth trend is supported by stable seaport o... #GDPinUkraine #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
The Ukrainian government predicts the improvement of key macroeconomic indicators and economic growth, whether the war ends in 2024 or drags on longer. The Ministry of Economy notes that, despite all the difficulties caused by the war, the positive dynamics of key macroeconomic indicators are evidence of the economy’s adaptation to wartime cond... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #UkraineReconstruction #WarinUkraine
To support the annual 5-7% GDP growth, Ukraine must find between three and 4.5 million workers, said Executive Director of the Center for Economic Recovery, Kyrylo Kryvolap. According to him, by 2030, two million people will have left the labor market due to aging and migration processes. Accord... #EmployeeDeficit #GDPinUkraine #LaborMarket #UkraineDevelopment #UkraineEconomy #UnemploymentUkraine
Ukraine’s GDP growth in March remained close to 5%. In March, the growth of Ukraine’s real GDP compared to the same period last year was 4.9%, compared to 5% in February and 5.2% in January, according to the monthly economic monitoring by the Ins... #GDPinUkraine #GVAukraine #UkraineBudget2024 #UkraineEconomy
The IMF expects Ukraine’s GDP to grow by 3.2% this year. Next year, Ukraine’s GDP growth will be 6.5%, according to the World Economic Outlook report. According to the IMF forecast, consumer inflation in Ukraine will decrease from 12.9% in 2023 to 6.4... #EFFprogram #GDPinUkraine #imf #SerhiyMarchenko #UkraineEconomicForecast #UkraineEconomy
The EC approves the Ukraine Facility plan; Kyiv will receive payments totaling €50B from the fund. The European Commission adopted the Ukrainian Facility, which is the basis for implementing the €50B Ukrainian fund in the EU budget for 2024-2027. Thus, Ukraine will receive regular payments that are... #EuropeanCommission #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy #UkraineFacility
What position did Ukraine hold among globabl exporters of agricultural products before the full-scale war? As KSE-Agrocenter analysts noted, over the past two decades Ukraine has gradually become the world’s main supplier of agricultural products. Before the full-scale invasion, agriculture produced ... #agroexportukraine #agroUkraine #GDPinUkraine #UkraineEconomy #Ukrainiangrain
World Bank: The Ukrainian economy has reached a turning point. The World Bank offered its assessment in its regional Economic Review, as concerns about the timing and volume of future aid payments to Ukraine are growing. The World Bank predicts that Ukraine’... #GDPinUkraine #InvestmentsinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomicForecast #UkraineEconomy #worldbank
The National Bank explains why in 2023, real GDP grew by 5.3%. As reported by the NBU, public sector consumption increased by 9% over the year, and its share in GDP in 2023 reached almost 42% compared to about 18% in 2021. Private consumption grew by 6.1% thanks ... #GDPinUkraine #investments #nbu #UkraineEconomicActivity #UkraineEconomy
Ukraine will defer payments on its national debt with the US, and the Eurobond restructuring might include a partial debt write-off. Ukraine and the US signed an agreement to postpone public debt payments with a group of Ukraine’s creditors from the G7 countries and the Paris Club. At the same time, the debt sustainability analysis... #DebtRestructuring #GDPinUkraine #imf #UkraineBudget2024 #ukrainedebt #UkraineEconomy
The International Monetary Fund has updated its macro forecast for Ukraine. According to the IMF, the expectation for nominal GDP in 2024 has increased to ₴7.75T from the ₴7.64T predicted in December last year’ However, 2025’s forecast remains almost unchanged at ₴8.86T. At t... #GDPinUkraine #imf #InflationinUkraine #UkraineBudget2024 #UkraineBudgetDeficit #UkraineEconomicForecast #UkraineEconomy
IMF: Due to the intensification of the war, the shock to Ukraine’s economy will begin in the second quarter. According to the IMF, in a negative scenario, the war will end by the end of 2025 and not at the end of 2024 as in the base scenario. At the same time, “the shock will begin in the second quarte... #GDPinUkraine #imf #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
Over the year, Ukraine’s gross foreign debt increased by almost 25%. How does this threaten the financial system? Ukraine’s gross foreign debt at the end of 2023 amounted to $161.5B. That is, it increased by almost 25% (+$30.6B). This debt includes the external debt from the government, the central bank, commerci... #DanyloHetmantsev #GDPinUkraine #nbu #UkraineBudget2024 #ukrainedebt #UkraineEconomy
S&P has worsened its forecast for Ukraine’s GDP growth; the long-term sovereign FC rating outlook is negative. Economic growth in Ukraine will continue in 2024 because of the expansion of domestic demand and the further recovery of sea exports, but it will decrease to 3.9% from about 5.5% last year, according ... #GDPinUkraine #InflationinUkraine #StandartandPoor #UkraineEconomy #UkraineRating
How did Ukraine’s economy react to the beginning of Russian aggression in 2014 and the full-scale war in 2022? Ukraine’s GDP did not fall as much in 2014 as it did in 2022, when it suffered a record-setting decline. In 2014-2015, GDP fell by 15.8%, and in 2022 – by almost 30%. However, the trajectory of ... #GDPinUkraine #hryvniadevaluation #InflationinUkraine #UkraineEconomy #WarinUkraine
Investment company Dragon Capital has updated its forecast for Ukraine’s economy. The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will ... #DragonCapital #financialaidforUkraine #GDPinUkraine #InflationinUkraine #TomasFiala #UkraineEconomy
Analysts have calculated the losses for the world’s economies from the war. Russia’s war against Ukraine has led to gigantic economic losses not only in Ukraine, but also in third countries. In Ukraine alone, GDP losses will amount to about $120B by 2026, according to a... #GDPinUkraine #GlobalEconomy #GlobalGDP #MoritzSchularik #UkraineEconomyLosses #WarinUkraine
In January, Ukraine’s GDP grew by 3.5% with help from logistics and investment. January’s GDP growth compared to December 2023 occurred due to investment demand generated by the budget, and the availability of foreign markets for domestic manufacturers due to the expansion of log... #GDPinUkraine #UkraineEconomy #UkraineMaritimeCorridor #ВідвантаженнятоварівУкраїна
The NBU presents a scenario for Ukraine’s rapid economic growth during the process of joining the EU. Sustainable economic growth at a high rate is possible only through a steady increase in productivity. European integration can become a driving force for growth, even before Ukraine’s official access... #EuropeanIntegration #GDPinUkraine #nbu #UkraineEconomy #UkraineRecovery
Ukraine’s national debt grew 30.4% last year to a new historical high. As of December 31, 2023, the state’s and state-guaranteed debt amounted to ₴5.519T, or $145.32B, reported the Ministry of Finance. The ratio of national debt to GDP was 85%. State and state-guaranteed... #DanyloHetmantsev #financialaidforUkraine #GDPinUkraine #UkraineBudget2024 #ukrainedebt #UkraineEconomy
The Ministry of Economy has assessed 2023’s most important economic indicators. Preliminary operational estimates indicate that Ukraine’s real GDP grew by 5% in 2023 after falling by 28.8% in 2022. According to the Ministry of Economy, the service sector’s most positi... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
The World Bank has worsened its growth forecast for Ukraine and for the world’s economies. The World Bank, in its updated review of the global economy, improved its estimate of Ukraine’s GDP growth in 2023 to 4.8% and predicted a slowdown in recovery to 3.2% in 2024. In 2025, growth, ... #GDPinUkraine #GlobalEconomy #UkraineEconomy #worldbank #WorldBankForecast
The NBU has summarized the war’s consequences for the Ukrainian economy. The full-scale invasion by the Russian Federation has caused a 30% loss of Ukraine’s GDP. Also, the forced exodus of Ukrainians in 2022 caused an increase in inflation, said the head of the Nati... #AndriiPyshnyi #GDPinUkraine #nbu #UkraineEconomy #WarinUkraine
The government has issued a three-year forecast of Ukraine’s economic and social development: What will happen to GDP, inflation, and salaries? Next year, GDP will grow by 4.6%, in 2025, the growth rate will accelerate to 6.8%, and in 2026, it will slow to 6.6%. The growth of consumer prices (inflation), comparing December to December of the ... #GDPinUkraine #InflationinUkraine #SalaryUkraine #UkraineEconomicForecast #UkraineEconomy
The IMF has revised the forecast for Ukraine’s real GDP growth in 2023 to 4.5%. Ukraine’s macroeconomic indicators have been stronger than expected despite the ongoing war. This contributed to the upward revision of the IMF’s forecast for economic growth. The IMF revi... #GavinGray #GDPinUkraine #imf #UkraineEconomicForecast #UkraineEconomy
Concorde Capital gives its forecast regarding Ukraine’s key economic indicators. GDP growth in 2023 will be 5-6%. Currently, it is primarily supported by consumer demand.In 2024, this demand will decrease, and the projected GDP growth will be 2-3%, according to Ihor Mazepa, the fo... #ConcordeCapital #GDPinUkraine #IhorMazepa #InflationinUkraine #UkraineEconomy
Fitch has confirmed Ukraine’s likely default and improved Ukraine’s GDP growth forecast to 5.1% this year. International rating agency, Fitch Ratings, has confirmed Ukraine’s long-term issuer default rating (EDR) in foreign currency at the CC level. Fitch expects the war to continue through 2024. At ... #defaultinukraine #FitchRatings #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #WarinUkraine
Investment companies raise their 2024 economic forecasts for Ukraine. Based on 2023’s results, the ICU investment company predicts GDP growth between 5.8% and 5% in the coming year. It is also assumed that at the end of 2023 inflation will be 6.2%. Inflation is expected... #DragonCapital #GDPinUkraine #HryvniaForcast #InflationinUkraine #UkraineEconomy
Ukraine’s economy is recovering faster than forecast, but how will it do in the next two years? The rate of recovery of the Ukrainian economy in 2023 exceeded initial forecasts, and the locomotive of positive change was the ability of Ukrainian businesses to adapt to the challenging conditions o... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
Ukraine’s state debt risks exceeding ₴5 trillion and will amount to 90% of GDP. As of October 31, Ukraine’s state and state-guaranteed debt amounted to ₴4.96T. According to November’s results, the national debt will probably exceed the ₴5T mark, having increased by ₴2.3T (+... #DanyloHetmantsev #GDPinUkraine #UkraineBudget #UkraineEconomy #UkraineStateDebt
In October, Ukraine’s GDP grew by more than 10%. The Ukrainian economy continues to demonstrate positive dynamics despite adverse external factors. According to preliminary estimates from the Ministry of Economy, GDP growth in October 2023 compared ... #GDPinUkraine #UkraineEconomy #UkraineRecovery
Concorde Capital forecast for Ukraine’s GDP growth is 6% this year and no more than 3% in the future. The Ukrainian economy will grow by about 6% in 2023, and in the future, economic growth will not exceed 3% per year, predicts the CEO of investment company Concorde Capital, Ihor Mazepa. “We wer... #ConcordeCapital #GDPinUkraine #IhorMazepa #UkraineEconomicForecast #UkraineEconomy
Ukraine’s real GDP growth slowed to 6.5% in October. In September, this indicator was at 11.1%. The reason for the slowdown was the lower contribution from agriculture due to the higher statistical base in October last year, reported the Institute for E... #GDPinUkraine #UkraineEconomy #UkraineTrade
The EC has significantly improved its forecast for Ukraine’s 2023 GDP from 0.6% to 4.8%. At the same time, the forecast for 2024 was reduced from 4% to 3.7%; in 2025 GDP growth is expected to be 6.1%. “Despite serious problems caused by Russia’s aggressive war, Ukraine’s... #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineGDPforecast
The IMF has improved its expectations for Ukrainian economic growth to 4.5%. In the IMF’s notification regarding the arrangements for the second review of the program as part of the expanded financing of the EFF, it is noted that the Ukrainian economy continues to demons... #EFFprogram #GDPinUkraine #imf #IMFprogramforUkraine #UkraineEconomy
IMF: The war will determine Ukraine’s economic prospects. Ukraine’s economy continues to recover in 2023 amid infrastructure attacks, and its growth could reach 1-3% this year, 3.2% next year, and 6.5% in 2025. However, the duration and intensity of th... #GDPinUkraine #imf #IMFforecast #UkraineEconomy
Large harvests allow the NBU to improve its GDP forecast for this year. According to the Inflation Report for October, an estimate of real GDP growth is due to a better-than-expected harvest of major crops. The National Bank improved its real GDP growth estimate by the en... #GDPinUkraine #HarvestUkraine2023 #KakhovkaHPP #nbu #UkraineEconomy
The government specifies 2023 macroeconomic indicators for GDP and the hryvnia exchange rate. The Cabinet of Ministers approved the draft of the 2024 State Budget for the second reading. The revenue has been increased by ₴22.2B compared to the first reading and is foreseen at ₴1.768 trillion. ... #GDPinUkraine #hryvniaexchangerate #UkraineBudget #UkraineEconomy
In September, Ukraine’s economy grew by more than 9%. Despite the war, the Ukrainian economy continues to recover. GDP growth in September 2023 compared to September last year was about 9.1%, the Ministry of Economy reported. At the same time, based on t... #GDPinUkraine #UkraineBusiness #UkraineEconomy #YuliyaSvyridenko
Dragon Capital has revised its macroeconomic forecast for 2024 and now expects Ukraine’s GDP to grow by no more than 5% instead of 8%. The reason for this reevaluation is the longer duration of the hot war with Russia than previously expected, explained the founder and CEO of the company, Tomas Fiala. Dragon Capital’s previous ... #DragonCapital #GDPinUkraine #TomasFiala #UkraineEconomy
Shmyhal voiced optimistic forecasts regarding Ukraine’s economic growth in Berlin and called on German businesses to invest. According to the current year’s results, Ukraine’s GDP will grow by more than 4%, even though the economy fell by 30% after the start of the war. In addition, inflation has already slowed ... #DenysShmyhal #GDPinUkraine #InflationinUkraine #InvestmentsinUkraine #UkraineEconomy
The Ukrainian economy has regained the trust of consumers and investors. The NYT writes that it will take many years for Ukraine’s economy to return to pre-war levels, but after nearly 20 months of war, there is a sense of relative stability. Ukraine’s economy ... #GDPinUkraine #InvestmentsinUkraine #UkraineEconomy
Ukraine presents the G7 financial block with its economic prospects, which the IMF assesses positively. Ukraine’s economy is showing stability during the current year, and GDP growth is forecast to be 4.7%, said Finance Minister Serhiy Marchenko. “Inflation is falling faster than expected: 7... #AlfredKammer #GDPinUkraine #imf #InflationinUkraine #SerhiyMarchenko #UkraineEconomy
The IMF has returned Ukraine to its long-term economic forecast and improved expectations for GDP growth. After the beginning of the full-scale Russian invasion in February 2022, the IMF only gave a forecast for the current year in its World Economic Outlook. Now, estimates for Ukraine for 2024-2028 are i... #GDPinUkraine #IMFforecast #InflationinUkraine #UkraineEconomy
The World Bank has improved its economic forecast for Ukraine. The World Bank forecasts Ukraine’s GDP to grow by 3.5% in 2023 and 4% in 2024, which is 1.5 and 0.5 percentage points higher than its June estimates, according to the updated economic forecast f... #GDPinUkraine #UkraineEconomicForecast #UkraineEconomy #worldbank
The NBU will revise its 2023 forecasts for GDP and inflation toward improvement. As the Deputy Chairman of the NBU, Serhii Nikolaychuk, noted, the situation in the agricultural sector has contributed to the positive changes. “In recent months, inflation has been falling more... #GDPinUkraine #InflationinUkraine #nbu #SerhiiNikolaychuk #UkraineEconomy
The EBRD confirms its belief in moderate growth for Ukraine’s economy in 2023-2024. The European Bank for Reconstruction and Development has maintained its May growth forecast for Ukraine’s economy for 2023-2024. According to the bank, Ukraine’s GDP is expected to grow by... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
Ukraine’s real GDP grew by 19.5%; the economy has adapted to wartime conditions. Ukraine’s real gross domestic product in the second quarter of this year increased by 19.5% compared to the second quarter of last year, according to an operational assessment by the State Stati... #GDPinUkraine #UkraineBudget #UkraineEconomy #YuliyaSvyridenko
