Current Account in Ukraine
Ukraine - Current AccountGrowth slid to a near two-year low in the first quarter. Inventories ate into activity and government consumption recorded the largest drop in over five years as the dire state of public finances and commitments to the IMF fueled fiscal consolidation. Available data for the second quarter points to a moderate strengthening in momentum. Retail sales surged in May, bolstered by rising wages and consumer confidence also continued its upward trend in the same month. In the political arena, the country will vote in snap parliamentary elections on 21 July. Polls point to a commanding lead for newly-elected president Volodymyr Zelensky’s Servant of the People party, which should give him the muscle to push through his agenda and needed reforms. However, a degree of uncertainty persists over the full agenda and ability to govern given his political inexperience.
Ukraine - Current Account Data
|Current Account (% of GDP)||-9.2||-3.5||1.8||-1.5||-2.2|
5 years of economic forecasts for more than 30 economic indicators.
Ukraine Current Account Chart
Source: National Bank of Ukraine and FocusEconomics calculations.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||25.83||0.30 %||Jul 11|
|Stock Market||541||0.21 %||Jul 11|
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July 18, 2019
At its 18 July meeting, the National Bank of Ukraine (NBU) decided to chop the key policy rate to 17.00%, from 17.50%.
July 1, 2019
Ukrainians will head to the polls for parliamentary elections on 21 July, in an early vote brought forward by new President and political novice Volodymyr Zelensky.
June 27, 2019
Industrial production grew 1.6% over the same month last year in May, below April’s 5.2% expansion.
June 20, 2019
A second estimate of national accounts data revealed that the first-quarter slowdown was milder than previously estimated, with annual growth revised up to 2.5% from 2.2%.
June 17, 2019
Consumer prices rose 0.7% month-on-month in May, down slightly from a 1.0% increase in April.