
Ukraine Economic Outlook
April 2, 2019
Volodymyr Zelenskiy, a comedian and political novice, came out on top in the first round of Ukraine’s presidential election on 31 March, securing 30.3% of the votes. In the second-round run-off on 21 April, Zelenskiy will face the incumbent President Petro Poroshenko, who scrambled 16.0% of the votes, beating opposition leader Yulia Tymoshenko to claim the second place. Regardless of the lingering political uncertainty, robust growth momentum appears to have carried over into this year, on the heels of a strong domestic demand-led expansion in Q4 2018. Retail sales accelerated in January and February amid moderating inflationary pressures, a resilient hryvnia and improving consumer confidence. On the external front, metrics were also upbeat: Goods exports rose at a healthy clip in January on vigorous demand from the EU, China and the U.S.Ukraine Economic Growth
Growth is seen losing traction this year, as tight monetary and fiscal policies weigh on activity growth and global demand outlook darkens. Nevertheless, the overall expansion should remain healthy, spearheaded by solid private consumption amid tightening labor market conditions and rising real incomes. Political uncertainty remains the key risk to the outlook, however. FocusEconomics panelists see GDP growth of 2.7% in 2019, unchanged from last month’s forecast, and 2.9% in 2020.Ukraine Economy Data
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Ukraine Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 19.00 | 0.0 % | Jul 27 |
| Exchange Rate | 27.08 | 0.30 % | Apr 03 |
| Stock Market | 564 | 0.21 % | Apr 03 |
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Ukraine Economic News
Ukraine: Industrial output contracts again in February
March 22, 2019
According to data released by the Statistical Institute, industrial production fell 1.8% year-on-year in February, compared to a 3.3% drop in January.
Ukraine: Growth gains steam in Q4 2018
March 22, 2019
Comprehensive national accounts data released by the State Statistics Service of Ukraine on 22 March confirmed that growth shifted into a higher gear at the end of 2018.
Ukraine: Central Bank holds the key policy rate stable in March
March 14, 2019
At its 14 March meeting, the National Bank of Ukraine (NBU) held the key policy rate stable at 18.00%, leaving it at a near three-year high.
Ukraine: Inflation moderates in February
March 12, 2019
Consumer prices rose 0.5% month-on-month in February, down from January’s 1.0% increase.
Ukraine: Zelensky leaps forward in polls, but the race is far from over in Ukraine’s presidential election
March 4, 2019
As the 31 March presidential election draws nearer, Volodymyr Zelensky, a comedian and political novice, has surged ahead in the polls in recent weeks.