Thursday, May 16
Ukraine’s economy shrank by 11% yoy during the second quarter, midway between the EU’s drop of 12.1% and the US drop of 9.5%.
Monday, August 3, 2020
Ukraine’s economy shrank by 11% yoy during the second quarter, midway between the EU’s drop of 12.1% and the US drop of 9.5%. The National Bank of Ukraine estimates that during the current quarter, the economy is performing 7.4% below last summer. The central bank has forecast that the fourth quarter drop will be 3.8%, making for a 6% drop for all of 2020. In 2021 and 2022, the bank predicts Ukraine’s economy will grow at an annual rate of 4%.
