Ukraine Economic Outlook
October 4, 2016Ukraine’s economy continued to improve in the second quarter, underpinned by a revival in household consumption and booming fixed investment. A stabilizing economy has helped shore up confidence and gains in domestic demand were able to offset a poor performance in the external sector. Exports plummeted amid a Russian ban on transitioning Ukrainian goods and weak global trade flows. Available data for the third quarter suggest that the recovery remains on an even footing: industrial production expanded robustly in August. After a year of delay, the IMF completed the second review of Ukraine’s economic program and gave the country a USD 1 billion cash injection. However, the IMF urged the country to deepen its economic reform momentum and tackle tough measures such as an overhaul to pensions. Meanwhile, the government submitted a draft of the 2017 budget to parliament in September. The budget focuses on security and defense as well as promoting growth, and envisions a fiscal deficit of 3.0% of GDP, which has been called unrealistic by market analysts.
Ukraine Economy Data
5 years of Ukraine economic forecasts for more than 30 economic indicators.
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|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||25.63||-0.29 %||Oct 20|
|Stock Market||245||0.01 %||Oct 20|
Ukraine Economic Growth
October 4, 2016Steady gains in activity should lead the economy to expand this year, however the recovery is expected to be slow and fragile. The FocusEconomics panel sees GDP rising by 1.1%, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees GDP growth accelerating to 2.4%.
Ukraine Economic News
October 10, 2016
In September, consumer prices rose 1.8% from the previous month, which contrasted August’s 0.3% decrease.
September 26, 2016
Industrial production returned to growth in August, after contracting in July.
September 21, 2016
Ukraine’s recovery gained steam in the second quarter, as the country heals from a deep recession.
September 16, 2016
In August, consumer prices fell 0.3% over the previous month, which followed July’s 0.1% decrease.
September 15, 2016
Stabilizing inflationary pressures in Ukraine’s tattered economy prompted the National Bank of Ukraine (NBU) to decide to cut the key policy rate from 15.50% to 15.00% at its 15 September monetary policy meeting.