In its new video, the Expert Club YouTube channel reviewed the macroeconomic situation in Ukraine in the 6th month of the war, and also analyzed the July IMF report on the global economic outlook in 2022 and 2023.
As we wrote earlier, the state authorities of Ukraine have temporarily suspended the publication of most statistical information for the period of martial law and for three months from the moment it ends. The exception is the publication of data on the consumer price index, separate information on indicators of foreign trade in goods, etc.
Thus, from the data published by the State Employment Center, it follows that the number of registered unemployed in Ukraine is approximately at the level of last year, while the number of available vacancies has sharply decreased.
This, according to the founder of the Club of Experts Maksim Urakin, has led to the fact that now about 12-13 unemployed people apply for one vacancy.
“The estimate of the unemployment rate by the National Bank in the second quarter of 2022 is 35% according to the methodology of the International Labor Organization,” Maksim Urakin added.
In addition, according to Urakin, the current forecast for Ukraine’s GDP growth in 2023-2024, published by the National Bank, is based primarily on expectations of an increase in international support for Ukraine and the implementation of programs to restore war-damaged infrastructure.
On the situation in the global economy, the Club of Experts analyzed the report of the International Monetary Fund, published in July. In particular, there is a possible recession in the US economy. a slowdown in GDP growth in China and India, as well as a deterioration in the situation in the euro area, provoked by rising energy prices.
See this and much more in a new video on the YouTube channel “Experts Club” at the link:
CLUB OF EXPERTS, ECONOMIC_UKRAINE, MACROECONOMICS, STATISTICS, URAKIN, ВІДЕО
As part of a new project to announce the events that should take place in the next seven days, a video material with an analysis of the planned events in Ukraine and in the world was released on the Expert Club YouTube channel.
In the new issue, the founder of the club of experts Maxim Urakin, together with the host Olga Levkun, analyzed the most important events in Ukraine and the world from August 1 to August 7, 2022.
In particular, a number of round tables, press conferences and seminars will be held in Ukraine on the development of the country’s economy in the post-war period, doing business on international marketing platforms, as well as the security of citizens in the current conditions. Also, residents of our country will be able to visit a number of cultural events.
On the world stage, by far the main event of the next week is the tour of the third person in the US hierarchy, Speaker of the US House of Representatives Nancy Pelosi, to Southeast Asia, as well as her possible visit to the island of Taiwan and the reaction of the Chinese authorities to this trip.
In addition, a number of the largest EU economies will publish data from statistical services on the state of their economy, and the Bank of England will publish a decision to change the base interest rate.
Watch these and many other events in a new video on the Club of Experts channel at the link:
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Ukraine’s GDP in 2022 will decrease by 30%, however, the unblocking of seaports would reduce the economic decline to 22-25%, Olena Bilan, chief economist at Dragon Capital, believes. The real gross domestic product (GDP) of Ukraine in the first quarter of 2022 fell by 15.1% compared to the first quarter of 2021 after growing by 6.1% in the fourth quarter of last year, the State Statistics Service published such a preliminary estimate.
The economy of Ukraine is gradually recovering from the level of the greatest fall in March thanks to the regions where there are no active hostilities, as a result, the decline in May this year (against the same month last year) slowed down to 35-40%, Deputy Governor of the National Bank of Ukraine Serhiy Nikolaychuk said.
The National Bank expects Ukraine’s GDP to fall by at least a third in 2022, Deputy Governor of the NBU Serhiy Nikolaychuk said during the presentation of the report on financial stability.
The National Bank of Ukraine (NBU) estimates Ukraine’s losses from destroyed housing, business and infrastructure due to Russian aggression at 50% of GDP in 2021, or $100 billion, according to a financial stability report published on the central bank’s website on Tuesday.
The real GDP of Ukraine will decrease by more than a third in 2022, inflation accelerated to 20% in the first half of the year, according to bankers surveyed by Interfax-Ukraine.
The deficit of Ukraine’s foreign trade in goods in January-April 2022 fell by almost 97.6% compared to the same period in 2021, to $29.6 million from $1.237 billion.
Consumer price growth in Ukraine in May 2022 slowed down to 2.7% from 3.1% in April and 4.5% in March, but exceeded 1.6% in February and 1.3% in January, the State Statistics Service said on Thursday.
The state budget deficit in January-May 2022 exceeded annual deficits of the previous two years, the National Bank of Ukraine (NBU) said in its June macroeconomic and monetary review.
Ukraine’s total state debt in April grew by 0.84% in U.S. dollars to $97.62 billion, in hryvnias – by 0.84% to UAH 2.855 trillion, according to data on the website of the Ministry of Finance.
Economic Monitoring’s Project Manager – PhD in Economics, Maksim Urakin
Table (edible) salt is one of the most important products for the body, and the so-called salt-free diet can often lead to negative health consequences, says Doctor of Biology Svyatoslav Morozov. “Sodium ions are necessary to maintain the ionic balance in the cell, the bloodstream. Sodium chloride is also needed for the normal functioning of the nervous system, digestion, muscle contraction and many other processes in the body,” he said in a new video posted on the Expert Club YouTube channel.
At the same time, according to the expert, it is necessary to observe the daily intake of salt, since an excessive amount of this ingredient in food can provoke the development of diseases of the cardiovascular system.
“It is advisable to consume up to 4-5 grams of table salt per day. Excess salt does not lead to terrible consequences, but it creates a burden on the body. This is due to the fact that a significant amount of salt in food leads to a feeling of thirst, as a result of which blood vessels and the heart are already stressed due to excess fluid, which leads to an increase in blood pressure, ” the scientist explained.
The founder of the Club of Experts, Maksim Urakin, in turn, emphasized that, while observing the daily norms of salt intake, it is necessary to take into account not only the pure salting of food, but also the content of sodium chloride in the product itself.
“Today, salt is found in almost all food products. That is, we are talking about the amount of salt directly in all products that a person consumes per day,” the expert noted.
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The excitement that was observed around the shortage of table salt in early June has generally declined, today the market does not experience an acute shortage of this product, according to the Expert Club analytical center. In a new video, released on the YouTube channel of the same name, the ball analyzes the current situation with the availability of various types of salt, as well as its benefits and harms in terms of a healthy diet.
According to the candidate of biological sciences Svyatoslav Morozov, in Ukraine today there are several explored deposits of rock salt, in particular in the Kalush region of the Ivano-Frankivsk region, as well as Solotvino in the Transcarpathian region, which will replace the production facilities temporarily stopped due to the war in the Bakhmut region.
The founder of the Club of Experts, Candidate of Economic Sciences Maksim Urakin emphasized that today salt is produced in the world by more than 110 countries, among which China, India and the USA are the leaders. “Ukraine occupied a worthy place in the world salt market. In particular, Artyomsol provided exports to more than 50 countries of the world,” the expert noted.
According to him, the main importers of Ukrainian salt were Poland, Hungary, Moldova and a number of other countries.
Recall that in April 2022, the Artemsol enterprise, located in Soledar, Donetsk region, stopped its work due to hostilities in order to ensure the safety of employees.
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