Ukraine Economic Outlook
May 8, 2018Last year’s moderate recovery, which followed the economy’s return to growth in 2016, appears to have been sustained in the first quarter. Growth was again likely driven by robust domestic demand. Retail sales continued to expand in Q1, signaling healthy private consumption growth, which was bolstered by sustained wage growth throughout the quarter. Despite slowing in the first quarter, industrial production appears to have gotten some support from buoyant, albeit also moderating, export growth. On the political front, Ukraine’s Prosecutor General Yuriy Lutsenko stated on 2 May that the implementation of the country’s new anti-corruption court—a key condition set by the IMF for receiving fresh funds—had made progress, with the first cases expected to appear in front of the court in early 2019.
Ukraine Economic GrowthThe economy is set to pick up pace this year on the back of recovering domestic demand and against the backdrop of fading effects from last year’s trade embargo, which weighed on industry. Nevertheless, growth will likely remain significantly dampened by ongoing geopolitical concerns and the slow implementation of key economic reforms, which could undermine anti-corruption efforts. FocusEconomics panelists see GDP rising 3.0% in 2018, which is unchanged from last month’s forecast. In 2019, growth is also seen at 3.0%.
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||26.09||0.30 %||May 21|
|Stock Market||475||0.21 %||May 21|
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Ukraine Economic News
May 15, 2018
Growth picked up pace in the first quarter of the year, after decelerating throughout 2017.
May 11, 2018
Consumer prices rose 0.8% month-on-month in April, down from the previous month’s 1.1% increase.
April 26, 2018
According to data released by the Statistical Institute, industrial activity rose 1.0% in annual terms in March, decelerating from February’s 1.9% expansion.
April 12, 2018
At its meeting held on 12 April, the National Bank of Ukraine (NBU) decided to keep the key policy rate on hold at 17.00% following last month’s rate hike, which had marked the fourth consecutive rate hike since October 2017.
April 11, 2018
Consumer prices rose 1.1% from the previous month in March, up from the 0.9% increase recorded in February.