Ukraine Economic Outlook
November 3, 2020
Sequential data hints at a fragile recovery in Q3, after the Covid-19 outbreak and associated lockdown measures pummeled activity in Q2. Industrial output continued to shrink in September, although at a softer pace than in August thanks to less downbeat manufacturing and energy production. More positively, retail sales growth was robust in Q3, which, coupled with steadily firming, albeit still weak, consumer sentiment, bodes well for household spending. That said, the persistent rise in Covid-19 cases, which picked up notably in October, prompted the government to extend the adaptive quarantine system until year-end—raising the possibility of tightening restrictions and thus potentially hampering the recovery in Q4. In politics, the 25 October local elections dealt a setback to President Zelensky given the weak results for his party and declining approval ratings.Ukraine Economic Growth
A sharp economic downturn is expected this year due to the Covid-19 blow. Activity is poised to bounce back solidly next year, however, as both external and domestic demand gradually revive, with fiscal and monetary stimulus lending further support. The prolongation of the health crisis, loss of reform momentum and weaknesses in the banking system cloud the outlook. FocusEconomics panelists see GDP growing 4.2% in 2021, which is unchanged from last month’s forecast. For 2022, they see GDP expanding 3.6%.Ukraine Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Ukraine Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 19.00 | 0.0 % | Jul 27 |
| Exchange Rate | 23.70 | 0.30 % | Jan 01 |
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Ukraine Economic News
-
Ukraine: Inflation jumps to over one-year high at start of 2021
February 11, 2021
Consumer prices rose 1.31% from the previous month in January, below December 2020’s 0.91% increase.
-
Ukraine: Industrial output increases for first time in over one year in December
January 22, 2021
Industrial production jumped 4.8% in December, rebounding strongly from November’s 0.3% slip and marking the first increase in output since September 2019.
-
Ukraine: NBU stays put in January
January 21, 2021
At its first meeting of the year on 21 January, the National Bank of Ukraine (NBU) decided to keep the key policy rate unchanged at its all-time low of 6.00%, marking the fourth consecutive hold and coming in line with market expectations.
-
Ukraine: Inflation rises to over one-year high in final month of 2020
January 11, 2021
Consumer prices rose 0.91% from the previous month in December, moderating from the 1.30% increase logged in November.
-
Ukraine: Industrial output falls at softest pace in over a year in November
December 23, 2020
Industrial production dipped 0.3% in November, improving notably from the previous month’s 5.0% contraction.
© Copyright: 2021. | Ukraine Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
