Ukraine Economic Outlook
November 28, 2017The recovery continued to flounder in the third quarter, with a preliminary estimate of GDP revealing a third consecutive quarter of decelerating activity. Although a breakdown by components is not yet available, the economy is likely still feeling the repercussions of severed trade ties with the rebel-held Donbass region, which is limiting its export and manufacturing capacities. Buoyant household spending is, however, providing some relief; both wages and retail sales grew robustly in Q3. On the political front, Ukraine made some progress on IMF-mandated reforms in November, taking steps towards passing legislation designed to improve the speed of privatizations. While the country has made gains in implementing economic reforms, progress has been slow overall. Several crucial—and politically unpopular—measures still need to be passed to unlock the next tranche of IMF funding.
Ukraine Economic GrowthActivity is seen gaining momentum next year, as the effects of the trade blockade fade and investment growth strengthens. FocusEconomics panelists see GDP rising 2.9% in 2018, which is unchanged from last month’s forecast. In 2019, growth is expected to pick up to 3.2%.
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 30|
|Exchange Rate||27.13||0.30 %||Dec 06|
|Stock Market||304||0.21 %||Dec 06|
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Ukraine Economic News
November 22, 2017
According to data released by the State Statistics Service of Ukraine, industrial activity expanded 0.4% in October over the same month last year, contrasting September’s 0.3% contraction.
November 20, 2017
Ukraine’s economy continued to decelerate in Q3, as growth lost steam for the third consecutive quarter.
November 9, 2017
In October, consumer prices rose 1.2% from the previous month, which followed September’s 2.0% increase.
October 26, 2017
According to data released by the State Statistics Service of Ukraine, industrial activity contracted 0.3% in September over the same month last year, contrasting August’s 1.2% expansion.
October 26, 2017
The National Bank of Ukraine (NBU) decided to raise the key policy rate from 12.50% to 13.50% at its 27 October monetary policy meeting, a shift in direction after a long easing cycle to support battered economic activity.