The National Bank of Ukraine (NBU) has improved macro forecasts for 2019-2021: the assessment of real economic growth this year has been increased from 3% to 3.5%, in the next year from 3.2% to 3.5% and in 2021 from 3.7% to 4%. The Ministry of Economic Development, Trade and Agriculture has improved the assessment Ukraine’s GDP growth in 2019 from 2.8% announced in the May forecast to 3.5%, according to the updated macroeconomic forecast of the government.
The conservative estimate of the government provides for 12% GDP growth in Ukraine over three years, and the optimistic one for 17.8%, said MP Oleksiy Honcharenko (the European Solidarity parliamentary faction).
The World Bank, taking into account the results of H1 2019, has improved its forecast for gross domestic product (GDP) growth in Ukraine in 2019 from 2.7% to 3.4%, expecting that it would accelerate to 3.7% and 4.2% in 2020 and 2021 respectively.
Ukraine’s GDP growth will reach 3.2% in 2020 with a further acceleration to 3.6% in 2021, Morgan Stanley predicts.
The Verkhovna Rada of Ukraine at first reading adopted the draft national budget for 2020 (bill No. 2000), which is based on the spring macro forecast of the Ministry of Economy and provides for budget revenues in the amount of UAH 1.079 trillion, expenses some UAH 1.17 trillion with a deficit of 2.09%.
The Verkhovna Rada, Ukraine’s parliament, has endorsed an action plan for the Cabinet of Ministers of Ukraine.
Ukrainian President Volodymyr Zelensky at a meeting with Chairman of the Japan-Ukraine Parliamentary Friendship Association Eysuke Mori has discussed possibilities for deepening economic and investment cooperation between Ukraine and Japan, the press service of the Office of the President has reported.
The deficit of Ukraine’s foreign trade in goods in January-August 2019 increased 16.7% compared with January-August 2018, to $5.843 billion, the State Statistics Service has reported.
The current dynamics of consumer prices allows expecting a decrease in inflation in annual terms in October to below 7%, Governor of the National Bank of Ukraine (NBU) Yakiv Smolii has said.
Actual inflation in Ukraine in September 2019 was lower than the forecast of the National Bank of Ukraine (NBU) published in the Inflation Report (July 2019), the regulator’s website reported.
Consumer prices in Ukraine after a decline in August by 0.3% and in July by 0.6% grew by 0.7% in September, Ukraine’s State Statistics Service said on Wednesday.
The deficit of Ukraine’s national budget in January-September 2019 was estimated at UAH 20.675 billion, including UAH 26.12 billion, which is the deficit of the budget’s general fund alone, the State Treasury Service reported on Friday.
The deficit of the general fund of the national budget of Ukraine in January-September 2019 amounted to UAH 25.8 billion and was financed by borrowings, the Ministry of Finance said in a press release on the website.
The National Bank of Ukraine (NBU) has raised its forecast for the country’s international reserves at the end of this year from $21.7 billion to $22.9 billion, the next year from $22.8 billion to $23.9 billion.
The international reserves of Ukraine in September 2019, according to preliminary data, decreased by 2.6%, to $21.438 billion due to significant repayments on government debt, the National Bank of Ukraine (NBU) said on its website.
Industrial production in Ukraine in September 2019 decreased by 1.1% compared to September 2018 after a decrease of 1.7% in August and 0.2% in July, the State Statistics Service has reported.
Ukraine’s transport companies in January-September 2019 carried 3.167 billion people, which is 5.7% less than in the same period in 2018, the State Statistics Service has reported.
The volume of construction work in Ukraine in September 2019 increased by 11.3% compared to September 2018, while in August 2019 compared to August 2018 this figure rose by 8.9%.
Retail trade turnover in Ukraine (legal entities and individual entrepreneurs) in January-September 2019 in comparable prices increased by 9.8% compared with January-September 2018, the State Statistics Service has said.
