Ukraine’s international reserves in March, according to preliminary estimates of the National Bank of Ukraine (NBU), increased by 18%, or $6.7 billion – to $43 billion 762.7 million.
“Such dynamics is due to significant (more than $9 billion) volumes of receipts from international partners, which exceeded the net sale of currency by the National Bank and the country’s debt payments in foreign currency,” the NBU website explained on Friday.
In addition, the National Bank noted that $9.32 billion was transferred to foreign currency accounts of the Cabinet of Ministers in March, while $363.5 million was paid for servicing and repayment of the state debt.
As the regulator noted, Ukraine also paid $728.5m to the International Monetary Fund.
Among other factors determining the volume of reserves, the NBU named operations on the foreign exchange market: in March, the regulator’s net sale of foreign currency amounted to $1.79bn, which is 18.5% more than in the previous month.
According to balance sheet data, the NBU sold $1.81 bln on the foreign exchange market and bought $25.9 mln in reserves.
The central bank also indicated that the current volume of reserves was positively affected by the revaluation of the value of financial instruments, adding $266.3 million.
“The current volume of international reserves provides funding for 5.8 months of future imports,” the regulator stated.
As reported, the NBU in January reduced the forecast of Ukraine’s international reserves at the end of 2024 to $40.4 billion from $44.7 billion and to $42.1 billion from $45 billion at the end of 2025. Earlier, Experts Club analytical center and Maxim Urakin released a video analysis of how the GDP of the world’s countries has changed in recent years, more detailed video analysis is available here – https://youtu.be/w5fF_GYyrIc?si=BsZmIUERHSBJrO_3 Subscribe to Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub
EXPERTS CLUB, GDP, International reserves of Ukraine, MACROECONOMICS, NATIONAL BANK OF UKRAINE, NBU, URAKIN
China’s economy grew by about 4.8% year-on-year in the first quarter, Bank of China forecasts.
Domestic consumption grew stronger than expected. Manufacturing investment increased, production is also recovering steadily, and the trend of industrial upgrading and transformation is evident, according to the bank’s report cited by Xinhua news agency.
A positive factor for Chinese exports was the increase in global demand and improved sentiment in global trade.
Bank of China analysts expect that the second quarter will see an improvement in China’s service sector, resulting in an acceleration of the country’s GDP growth to 5.1%. This will also be facilitated by the authorities’ actions aimed at maintaining significant investment in infrastructure through the use of a wide range of policy instruments.
Earlier Experts Club think tank and Maxim Urakin released a video analysis of how the GDP of the world’s countries has changed in recent years, more detailed video analysis is available here – https://youtu.be/w5fF_GYyrIc?si=BsZmIUERHSBJrO_3
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Bank of China Economy of China, EXPERTS CLUB, GDP, MACROECONOMICS, URAKIN
In today’s realities, knowledge of the basics of pediatric trauma and injury care is becoming a necessity not only for medical professionals, but also for the general public. In a new video on the Experts Club YouTube channel, Mariana Bolyuk, anesthesiologist at ADONIS Medical Group, reviewed the main aspects and recommendations that will help to provide the necessary care in critical situations, based on the latest data from the Ministry of Health of Ukraine and international organizations.
Main aspects of trauma care
Traumas and injuries in children are a serious problem that requires immediate and proper response. According to the Ministry of Health of Ukraine, the number of injuries in children has been steadily increasing in recent years. In the last year alone, almost 97500 Ukrainians sought medical assistance for injuries of varying severity resulting from falls and other accidents.
According to the latest data, more than 1,806 children in Ukraine have been injured as a result of military actions. According to information from juvenile prosecutors, 537 children died and over 1,269 received injuries of varying degrees of severity. The largest number of injured children was registered in the following regions: in Donetsk region – 524, Kharkiv region – 343, Kherson region – 149, Kyiv region – 130, Dnipropetrovsk region – 125, Mykolaiv region – 103 and Zaporizhzhya region – 100.
“Among the main causes of early deaths in traumas, central nervous system contusions and bleeding stand out. It is important to know that timely first aid can save a life and significantly reduce the risk of serious health consequences”, – explained Bolyuk.
Maxim Urakin, founder of the Experts Club information and analytical center, said that the project was and is engaged in all kinds of assistance to civilians during military operations.
“According to the UN data, about 11 thousand civilians have already been killed in Ukraine for 2 years, of which about 600 are children. After the implemented project “Find loved ones” we spend our efforts on trainings on medicine for first aid for adults and children, conduct practical seminars for journalists and teachers in order to get practical skills that can save the health and life of victims”, – emphasized Urakin.
Recommendations on first aid
It is important to remember the basic principles of first aid for injuries and wounds. The main recommendations from Maryana Bolyuk and Experts Club, listed in the video:
It is also vital to receive regular first aid training to update your life-saving knowledge and skills.
Knowing the basic principles of first aid for pediatric injuries and trauma is critical for all of us. In today’s world where accidents happen daily, this knowledge and skill can be crucial in saving lives. Remember, your preparedness and ability to act in an emergency can make a significant difference.
To learn more about first aid for pediatric injuries, check out this video:
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ADONIS, CHILDREN, EXPERTS CLUB, FIRST_AID, FIRST_AID_PROVIDER, URAKIN, БОЛЮК
Ukraine’s real gross domestic product (GDP) grew by 5.3% in 2023 compared to the previous year, when it fell by 28.8%, according to preliminary data released by the State Statistics Service on Thursday.
According to the data, nominal GDP last year amounted to UAH 6 trillion 537.8 billion, with a change in the deflator of 18.5%.
The State Statistics Service clarified that in the first quarter of 2023, the decline in real GDP compared to the same period last year amounted to 10.3% of GDP, after which it grew by 19.2% in the second quarter, 9.6% in the third and 4.7% in the fourth.
Earlier, in December last year, the statistical agency estimated a 10.5% decline in the first quarter, followed by a 19.5% increase in the second and a 9.3% increase in the third.
Nominal GDP in the fourth quarter amounted to UAH 1 trillion 933.0 billion, compared to UAH 1 trillion 778.4 billion in the third quarter, UAH 1 trillion 463.9 billion in the second quarter and UAH 1 trillion 362.5 billion in the first quarter, according to the State Statistics Service.
As reported, in January, the National Bank of Ukraine estimated the country’s GDP growth in 2023 at 5.7%, and its nominal value at UAH 6.51 trillion. The NBU maintained its GDP growth forecast for 2024 at 3.6% (nominal UAH 7.58 trillion), slightly downgrading it for 2025 from 6.0% to 5.8%. At the same time, for the first quarter of this year, the NBU improved its GDP growth forecast to 7.1% from 5.4%, expecting it to slow to 4.8% in the second quarter.
When approving the draft state budget for the second reading in early November 2023, the government improved its estimate of GDP growth last year from 2.8% to 5%, but downgraded it for 2024 from 5% to 4.6%. According to the Ministry of Economy, GDP growth in January-February this year was 3.6%.
In its updated EFF program with Ukraine, the IMF estimated real GDP growth in 2023 at 5% and nominal GDP at UAH 6.5 trillion. It forecasts a slowdown to 3-4% this year, and an increase in nominal GDP to UAH 7.75 trillion.
For more details on macroeconomic indicators of Ukraine and the world, please see one of the video analyzes of the Experts club think tank – https://youtu.be/w5fF_GYyrIc?si=Ymo-FlMFNGfLLdK-
You can subscribe to the channel here: https://www.youtube.com/@ExpertsClub
The ruling party of South Korean President Yun Seok-yol “People’s Power” is leading in popularity according to the results of a public poll ahead of the parliamentary elections scheduled for April, Western media reported citing data from a survey by the Gallup Korea organization.
Thus, according to the survey, about 37% of voters are ready to support the “People’s Power”, while 29% intend to vote for the main opposition Democratic Party. The third most popular among South Koreans is the Korea Innovation Party – it has 12%. This is a new party, it was created by politician Cho Guk, who served as Minister of Justice under President Moon Jae-in.
The poll was conducted by Gallup Korea organization among more than 1 thousand people.
Parliamentary elections in the country are scheduled for April 10.
Earlier, the Experts Club analytical center and Maxim Urakin presented an analytical material on the most important elections in the countries of the world in 2024, more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M
Subscribe to the channel here: https://www.youtube.com/@ExpertsClub
Germany’s economy will avoid recession in 2024, but will grow by only 0.1% due to declining exports and weak domestic demand, according to leading German research institutes.
The previous forecast, prepared by the Munich-based Institute for Economic Research (IFO), the Kiel-based Institute for World Economics (IfW), the Rhineland-Westphalian Institute for Economic Research in Essen (RWI) and the Institute for Economic Research in Halle (IWH), predicted German GDP growth of 1.3%.
In 2023, the German economy shrank by 0.3%.
The economists warned that domestic demand is growing more slowly than expected, and exports are suffering due to high electricity prices, which reduce the competitiveness of German energy-intensive goods.
“Cyclical and structural factors are leading to a weakening of economic growth,” said Stefan Koots, head of economic research at the IfW. – “A recovery may begin in the spring, but overall, the growth momentum will not be very strong.
In 2025, according to experts, Germany’s GDP growth will accelerate to 1.4%.
The forecast for inflation for 2024 is 2.3%, for 2025 – 1.8%.
Earlier, Experts Club analytical center released a video analysis of GDP changes in major countries, the video is available at https://youtu.be/w5fF_GYyrIc?si=EpL-_EmhIGfMURGl
