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
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
Here are the reasons for the slowdown of inflation in Ukraine and new risks for an opposite trend. Several factors influenced the slowdown in inflation in January of this year. For example, aggregate demand has decreased significantly – by 25% compared to before the full-scale invasion, said ... #BohdanDanylyshyn #CurrencyMarket #InflationinUkraine #nbu #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
Food prices in Ukraine will increase by 5-7% by the end of winter, said the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk. He noted, “There will be no sharp price increases because there are currently no facts that would lead to that occurring.... #DenysMarchuk #FoodPriceUkraine #InflationinUkraine #UkraineEconomy
Ukrainian wages have been growing for three quarters in a row, and inflation has fallen below the NBU’s target for the first time in three years. The revival of the economy and the slowdown of inflation have both contributed to the recovery of the growth in real wages since the second quarter of 2023. According to the National Bank of Ukraine, ... #InflationinUkraine #nbu #SalaryUkraine #UkraineEconomy
The government and the NBU predict an increase in the cost of living in Ukraine. The head of the NBU, Andriy Pyshnyi, said that product prices will rise sharply at the beginning of January. For the first month of the year, growth will be, on average, 5%. As for causes, first, the ... #AndriiPyshnyi #InflationinUkraine #nbu #pricesinUkraine #SerhiyMarchenko #UkraineEconomy
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
Following a slowdown in inflation, the NBU lowered the key rate for the fourth time in a row. The National Bank of Ukraine decided to reduce the discount rate from 16% to 15% per annum starting December 15, 2023. The NBU continued its pattern of lowering the discount rate, which began in July,... #AndriiPyshnyi #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu
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
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
The government of Ukraine gives a price forecast for the near future. The growth of consumer prices in Ukraine will slightly accelerate in the coming months, but overall inflation will remain moderate. As noted in the Ministry of Economy’s review, price growth is ... #InflationinUkraine #UkraineEconomicForecast #UkraineEconomy
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 National Bank explained why prices fell in October. The regulator noted that inflation has continued to slow down, primarily due to further growth in the food supply and the preservation of stability in the foreign exchange market. Thus, in October con... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
The National Bank and the Ukrainian government have updated price forecasts in Ukraine. At the end of this year, consumer price growth will slow to 5.8% from 26.6% in 2022. The faster-than-expected inflation decrease is primarily the result of greater food supply following higher harvest... #InflationinUkraine #nbu #pricesinUkraine #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
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
Inflation in Ukraine fell to 7%, and Ukrainians’ income increased. Consumer inflation in Ukraine slowed to 8.6% in August thanks to a larger than expected supply of new-harvest vegetables and fruits. According to the NBU’s estimates, the slowdown in inflation w... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy #UkraineIncome
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
Inflation in war-torn Ukraine is at a lower rate than in peaceful European countries. As stated in an Inflation Survey from the Ministry of Economy, domestic prices fell by 1.4% in August thanks to the arrival of the newly harvested crops on the market. This ensured the return of annua... #EUinflation #InflationinUkraine #nbu #pricesinUkraine
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
Analysts comment on the price trends in the Ukrainian consumer market. Prices for food products and non-alcoholic beverages in August 2023 decreased by 3.7% compared to July, the Center for Economic Strategy reported. Vegetables and fruits fell in price the most (by 4.2%... #InflationinUkraine #nbu #pricesinUkraine #TarasVysotskyi
Ukraine’s economy grew by 8% in August. The growth of Ukraine’s real GDP in August remained close to 8% compared to August 2022, but the GDP was more than 20% lower than 2021’s level, the Institute of Economic Research (IER) rep... #GDPinUkraine #InflationinUkraine #internationalReserves #nbu #UkraineEconomy
Ukraine observes falling inflation for the second month in a row, and the economic expectations of investors and the government are improving. Consumer prices in Ukraine decreased by 1.4% in August 2023, which led inflation in Ukraine in annual terms to fall to 8.6%, the State Statistics Service reported. In July, inflation was 11.3%, and in... #GDPinUkraine #InflationinUkraine #UkraineEconomy #YaltaConference #YuliyaSvyridenko
Inflation in August fell to 10% for the first time since June 2021. According to the schedule published by the National Bank, inflation slowed to approximately 10% in August. The last time annual inflation in Ukraine was observed below 10% was in June 2021 (9.5%). In ... #FoodPriceUkraine #InflationinUkraine #nbu #UkraineEconomy
The Ministry of Finance has announced the main financial indicators for the 2024-2026 budgets. The Ministry of Finance has published instructions for preparing budget requests for the next year. The document suggests setting the dollar exchange rate at UAH 41.4 to $1 for the 2024 state budget p... #dollarexchangerate #financeUkraine #InflationinUkraine #SalaryUkraine #StateBudgetUkraine
What consumer prices and dollar exchange rates do Ukrainians expect? According to the NBU, both financial analysts and the public expect a slowing trend to the growth of consumer prices. Financial analysts in July predicted that inflation would be 12% over the next 12 ... #currencyexchange #dollarexchangerate #Hryvnia #InflationinUkraine #nbu
Despite the monthly volatility, prices in Ukraine will continue to decrease, said the Ministry of Economy in its June review of inflation. The study notes that the June increase in electricity tariffs for customers became the dominant factor in the growth of consumer prices by... #InflationinUkraine #pricesinUkraine
The NBU expects Ukraine’s GDP to grow by 2.9% this year and notes the positive impact of military aid to Ukraine on the economy of Western countries. As noted in the July National Bank Inflation Report, economic growth will accelerate in the coming years, considering the National Bank’s assumption that security risks will decrease in mid-2024... #GDPinUkraine #InflationinUkraine #nbu #UkraineEconomy
The National Bank cuts the key policy rate to 22%. The Board of the National Bank of Ukraine has cut the key policy rate from 25% to 22%, effective 28 July, 2023. Rapid disinflation and sustained stability in FX market conditions has enabled the centr... #CurrencyRestrictions #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu
In June, for the first time, grocery prices in Ukraine remain almost unchanged. Last month, prices rose by 0.1%, the lowest level since the beginning of the year, noted the Institute of Agrarian Economics. In the first three months growth was fixed at 1.4-2.3%, April – 0.3%... #FoodPriceUkraine #InflationinUkraine #pricesinUkraine
In six months, housing rent prices in Ukraine rose by 9%. The average monthly rent for a 1-room apartment in June 2023 was UAH 6,230 ($174). Since the beginning of the year, the price has increased by 9.3%, which is twice as high as the official 6-month infl... #InflationinUkraine #pricesinUkraine #RealEstateUkraine #RentalHousing #RentingHousingUkraine
The NBU explained why inflation in Ukraine is falling rapidly and what risks can change the trend. In June, consumer inflation in annual terms slowed to 12.8%. “The slowdown was caused by a greater supply of food and fuel, a decrease in world prices on commodity markets, and an improvement in... #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy
Inflation in Ukraine has fallen below 15%. The supply of food, the strengthening of the hryvnia on the cash foreign exchange market, and an improvement in expectations have all contributed to the slowing of the inflation rate. According to the... #InflationinUkraine #nbu #pricesinUkraine
The IMF has improved its economic assessment of Ukraine. Real GDP growth in Ukraine as of May has already reached +2.4% compared to -29.1% at the end of last year, while inflation indicators have decreased and conditions on the foreign exchange market have ... #GDPinUkraine #imf #InflationinUkraine #StateBudgetUkraine #UkraineEconomy
The National Bank of Ukraine predicts an inflation slowdown in the coming months. In May, annualized consumer inflation slowed to 15.3% from 17.9% in April. In the future, price growth will not slow down as quickly, the NBU warns. It is expected that inflation will continue to slow... #InflationinUkraine #KakhovkaHPP #nbu #pricesinUkraine #UkraineEconomy
Financial analysts have improved their forecasts for Ukraine’s hryvnia exchange rate and inflation. According to the National Bank, financial analysts forecasted the hryvnia exchange rate for the next 12 months at UAH 39.54/$1 in June. In April, they were expecting an exchange rate of ₴40.04/$1. Ban... #CurrencySale #hryvniaexchangerate #InflationinUkraine #UkraineEconomy #UkraineFinances
Inflation in Ukraine continues its retreat. In April 2023, consumer inflation in Ukraine decreased to 17.9% in annual terms. According to the NBU’s estimates, the slowdown in price growth continued in May as well, according to the June Ma... #InflationinUkraine #nbu #UkraineEconomy
The EBRD presents its forecast for the Ukrainian economy. According to the European Bank for Reconstruction and Development, the growth forecast is at 1% this year and 3% in 2024, assuming the war continues throughout this period at the same intensity as at ... #ebrd #GDPinUkraine #InflationinUkraine #UkraineEconomy
Annual inflation continues to slow in Ukraine, down to 17.9% in April. According to the State Statistics Service, annual inflation was 21.3% in March. In particular, the consumer market’s prices for food products and non-alcoholic beverages increased by 0.4%. The p... #InflationinUkraine #pricesinUkraine
The war has pushed over seven million Ukrainians below the poverty line. According to the World Bank, the poverty rate in Ukraine increased from 5.5% to 24.2% in 2022, as a result of which 7.1 million people are below the poverty line. It is noted that there is a big gap b... #InflationinUkraine #PovertyInUkraine #UkraineEconomy #UnemploymentUkraine
The Central Bank kept the prime rate at 25% and improved its economic forecast. The Board of the National Bank decided to keep the discount rate at 25% per annum, the Chairman of the Board of the NBU, Andriy Pishniy, said. The NBU noted that the updated macro forecast foresees th... #AndriyPishnyi #InflationinUkraine #nbu #UkraineEconomy
The surplus of food and fuel, the stabilization of the energy industry, and the cash market have curbed inflation in Ukraine. In March, annualized consumer inflation slowed to 21.3% from 24.9% in February. The National Bank says that the decrease in inflation is related to a significant supply of food and fuel, a better situ... #InflationinUkraine #pricesinUkraine #UkraineEconomy
The surplus of food and fuel, the de-occupation of some regions, and the stabilization of the energy system slowed inflation to 22% in March, according to the graph published in the NBU’s Macroeconomic and Monetary Review for April 2023. It is noted that the fundamental inflationary pressure also eased under improving expectations in the co... #InflationinUkraine #nbu #UkraineEconomy
Inflation dynamics in Ukraine will depend on the war. According to the Inflation Review of the Ministry of Economy for February 2023, risks of a negative nature still remain high, and the situation might not change in the near future. The dependence on t... #InflationinUkraine #UkraineEconomy
Ukraine has significant demand for dollars, and the foreign exchange market still depends on interventions. This conclusion was reached by the members of the Monetary Policy Committee of the National Bank of Ukraine on March 15, when they decided to keep the discount rate at 25%. It is noted that the high l... #DollarDemand #InflationinUkraine #KeyPolicyRate #nbu
