The gross domestic product (GDP) of Ukraine, according to the Ministry of Economy, in the first half of 2020 decreased by 6.5% compared to the same period in 2019, in particular in the second quarter the decline was 11%, which is less than expected earlier (14%).
The drop in Ukraine’s GDP in 2020 will amount to 6% instead of 4.2% expected in April this year, such a consensus forecast on the impact of СOVID-19 on the economy and the society was announced by the Ministry of Economic Development, Trade and Agriculture.
The fall in the gross domestic product (GDP) of Ukraine in the second quarter of 2020 amounted to 11.4% compared to the same period in 2019 against 1.3% in the first quarter, the State Statistics Service has reported in its preliminary estimate.
The Ministry of Economic Development, Trade and Agriculture of Ukraine improved the inflation forecast for 2020 to 5.9% December over December, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023.
Real wages in Ukraine in July 2020 compared to July 2019 increased by 5.1%, and from June 2020 by 2.6%, the State Statistics Service has said.
The Ukrainian Finance Ministry has redeemed the second series of eurobonds issued in the course of restructuring in 2015 and maturing this year worth $1.69 billion and paid some $400 million in interest payments on eurobonds maturing in 2020-2027.
The deficit of Ukraine’s foreign trade in goods in January-August 2020 halved compared with January-August 2019, to $2.43 billion from $4.96 billion, according to data from the State Customs Service presented.
Consumer prices in Ukraine in July 2020 decreased by 0.6% after growing by 0.2% in June, 0.3% in May and 0.8% in April and March, the State Statistics Service has reported.
State budget revenues in July 2020 amounted to UAH 68.92 billion, which is 8% more than the target, but 10.8% behind the last year’s level, according to data from the State Treasury Service.
Ukraine’s international reserves in July 2020, according to preliminary data, increased by 1%, to $28.802 billion, according to the website of the National Bank of Ukraine (NBU).
The debt of the population of Ukraine for housing and utilities services in July 2020 decreased by 3.6% compared to June and amounted to UAH 50.5 billion (excluding electricity).
The prices of industrial producers in Ukraine in July 2020 increased by 0.4%, while in June they decreased by 2%, in May by 0.6% with an increase in April by 0.1%, in March by 1.8%, February by 0.1% and January by 2.5%, the State Statistics Service has reported.
Since the beginning of the new 2020/2021 marketing year (MY, July-June) and as of August 21, Ukraine had exported 5.62 million tonnes of grains and legumes, which is 1.22 million tonnes less (due to corn) than on this date in the past MY.
Prices for construction and installation works in Ukraine in January-June 2020 increased by 1.3% compared to January-June 2019, the State Statistics Service of Ukraine reports.
The turnover of retail trade in Ukraine in July 2020 compared to the same month in 2019 in comparable prices increased by 8.5%, while in the previous month the growth was 1.4%, the State Statistics Service has said.