The negative balance of Ukraine’s foreign trade in goods in January 2024 decreased by 11.7% compared to the same month in 2023 – to $1.678 billion from $1.9 billion, the State Statistics Service (Gosstat) said on Friday. According to its data, exports of goods from Ukraine in January 2024 compared to January 2023 increased by 8.2% to $3.4 billion, while imports increased by 0.7% to $5.078 billion.
The State Statistics Committee specified that in January-2024 compared to December-2023 seasonally adjusted exports increased by 7.4% to $3.47 billion, while imports remained virtually unchanged at $5.536 billion.
The seasonally adjusted foreign trade balance in January-2024 was negative at $2.066 billion, while December-2023 also recorded a negative balance of $2.304 billion.
The coefficient of export coverage of imports in January 2024 amounted to 0.67 (in January 2023 – 0.62).
State Statistics specified that foreign trade operations were conducted with partners from 191 countries. Analytical Center Experts Club presented a video analysis of the main trends in the economy of Ukraine and the world – https://youtu.be/w5fF_GYyrIc?si=vN_Jp0fh8u1xN_U2.
The former head of the Luhansk Regional State Administration, Serhiy Haidai, has been appointed head of the Mukachevo District State Administration in Zakarpattia Oblast.
The corresponding decree of President of Ukraine Volodymyr Zelenskyy No. 30/2024-rp of March 15 was published on the website of the head of state.
Previously, this position was held by Edgar Tokar, who was dismissed.
Haidai was the head of the Luhansk Regional State Administration from October 2019 to March 2023.
The Falcon 9 launch vehicle on Saturday successfully put into orbit another batch of 23 mini-satellites to replenish the orbital constellation of the Starlink system’s global Internet coverage network, developer SpaceX said.
“The launch of 23 Starlink satellites has been confirmed,” the statement said.
The rocket was launched from Launch Complex 39A of the Kennedy Space Center at Cape Canaveral in Florida on Friday at 20:21 US East Coast time (Saturday at 02:21 Kiev time). About an hour later, the satellites were put into orbit.
Since May 2019, SpaceX has already launched more than 6 thousand such satellites under the Starlink project. Some of them failed or went out of orbit. More than 5.6 thousand vehicles are in orbit in working condition.
During the launch, the first reusable stage of the launch vehicle, which was used for the 19th time, after separation made a controlled vertical landing on the offshore drone platform A Shortfall of Gravitas, which was located in the Atlantic.
On Sunday, March 17, it will be cloudy in Kyiv and the region, with clearings, no significant precipitation at night and in the morning, rain in the afternoon, southwest wind, 5-10 m/s, the Ukrainian Weather Center reports.
Temperatures in the region will be 1-6° Celsius at night and 8-13° Celsius during the day, and 3-5° Celsius at night and 10-12° Celsius during the day in Kyiv.
On Monday and Tuesday, the region will have cloudy weather with clearings, rain on March 18, sleet at night, moderate sleet at night, light rain in some places during the day, northwest wind with a shift to southwest, 5-10 m/s.
In the region on Monday, the temperature at night will be 0-5 ° C, during the day 2-7 ° C, on Tuesday – at night from 3 ° C to 2 ° C, during the day 2-7 ° C. In the capital, on Monday – at night 0-2° C, during the day 4-6° C, on Tuesday – at night 0-2° C, during the day 4-6° C.
On Wednesday and Thursday, March 20-21, there will be occasional light rain in the region, with sleet at night. The temperature in the Kyiv region will be from 4° C to 1° C at night, 4-9° C during the day, in Kyiv – 1-3° C at night, 6-8° C during the day.
On Saturday within Kiev the level of the Dnieper rose to its absolute maximum since the beginning of 2024, emergency flooding in the city has not been recorded, according to the head of the Kiev City Military Administration Sergey Popko.
“The level of the Dnieper within Kiev has risen to its absolute maximum since the beginning of 2024. As of 16.03.2014, it is fixed at the mark of 601 cm above the “0” post. Water temperature – 3.9 deg. C”, – said in a message published in the telegram channel on Saturday.
According to monitoring data, over the past 7 days, the level of the Dnieper within Kiev has increased by more than 60 centimeters. At the same time there is a significant fluctuation of water during the day.
“The rise in water level and such significant fluctuations are due to the increase in water discharges from the Kiev reservoir due to the passage of spring floods. Therefore, there is an initial flooding of floodplains and low-lying riverine areas”, – noted in the press service of the KHVA.
In Kiev announced I level of danger of hydrological phenomena. In the capital as of Saturday emergency flooding has not been recorded, industrial facilities and residential areas are out of danger. Monitoring of the current flood continues.
“According to forecasts Ukrgidrometcenter, at least until March 19, the level of the Dnieper in Kiev will be kept above the marks of initial flooding of floodplains and low riverine areas,” – said Popko.
In his analytical video published on the Experts Club YouTube channel, Maxim Urakin, founder of the project and PhD in Economics, focuses on the key indicator of global macroeconomics – gross domestic product (GDP), which plays a central role in analyzing the economic well-being of countries. GDP is the total value of all goods and services produced in a country over a certain period of time. This indicator helps to assess how productive a country’s economy is and is an important indicator of its overall economic well-being.
Analyzing GDP dynamics on a global scale
According to Urakin, analyzing the last decades shows significant changes in the global economy.
“In the 1990s to 2000s, first of all, there was significant economic growth in countries such as the US and China, as well as in developing countries such as India. It was a time of economic prosperity for developed countries and a period of rapid growth for some emerging markets,” explained the founder of Experts Club.
But then the world economy was rocked by crises, including the global financial crisis of 2008 and the subsequent European debt crisis. These events, according to Expert Club, slowed global GDP growth and exposed the vulnerability of many economies previously considered promising.
“In recent years, we have faced new challenges, such as the COVID-19 pandemic, which led to a significant downturn in the global economy, and geopolitical tensions, including the war in Ukraine. These events have re-emphasized the interconnectedness and interdependence in the global economy,” said Urakin.
GDP and geopolitical changes
Urakin notes that in the context of geopolitics, GDP serves not only as a measure of economic development but also as an indicator of international influence.
“India, surpassing the UK, has become the fifth largest economy in the world, which emphasizes the shift of global economic forces to the Asian region. This is also confirmed by the fact that China, having overtaken the US in terms of purchasing power, has confirmed its status as a global economic power,” the economist emphasized.
Future trends
Analysis of global GDP dynamics shows that the global economy continues to recover from the pandemic, but geopolitical instability has a restraining effect on this growth. According to Maxim Urakin, it is important to monitor developments and adapt to changing conditions to ensure sustainable economic growth in the future. Ukraine, in this context, needs to focus on strengthening domestic political stability, restoring economic potential and continuing reforms to improve its post-war prospects and strengthen its position on the global stage.
To learn more about global GDP, check out the video on the Experts Club channel at the link:
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https://www.youtube.com/@ExpertsClub
GDP (Gross Domestic Product) is the total market value of all final goods and services produced in a country over a given period of time (usually a year). It measures a country’s total output and economic activity, being one of the key indicators of its economic health.
Nominal GDP is an estimate of gross domestic product expressed in current market prices, not adjusted for inflation or deflation. This means that when measuring nominal GDP, current prices of goods and services are taken into account, which can lead to higher GDP when prices rise (inflation), even if actual output has not increased.
PPP (Purchasing Power Parity) GDP is a method of estimating GDP that takes into account differences in the cost of living and price level between countries. The PPP GDP calculation uses prices adjusted to reflect real purchasing power in different countries. This allows for a more accurate comparison of living standards and economic activity between countries because it takes into account differences in the cost of goods and services in different places.
