Business news from Ukraine

MACRO SUMMARY OF UKRAINIAN ECONOMY IN SEPT-OCT

16 November , 2021  

Ukraine may receive a tranche of the International Monetary Fund (IMF) in the amount of about $1.4 billion in October-December 2021, J.P. Morgan said in the October EMEA EM Emerging Markets research. The growth of the gross domestic product (GDP) of Ukraine in January-August 2021 accelerated to 2.9% compared to 2.1% in January-July 2021, the Ministry of Economy has said.
The National Bank of Ukraine (NBU) has worsened its estimate of the country’s gross domestic product (GDP) growth in 2021 from 3.8% to 3.1%, in 2022 – to 3.8% from 4%, the regulator said on its official website.
Analysts from Morgan Stanley have maintained an estimate of Ukraine’s GDP growth in 2021 at 3.4%, and 4.2% in 2022, according to the forecast materials available to the Interfax-Ukraine agency.
The deficit of Ukraine’s foreign trade in goods over January-August 2021 decreased by 33.9% compared to the same period in 2020, to $1.731 billion from $2.619 billion.
The year-over-year growth of consumer prices in Ukraine in September 2021 accelerated to 11% from 10.2% in August, the State Statistics Service reported.
The deficit of the general fund of the state budget of Ukraine in September 2021 amounted to UAH 26.5 billion, and the overall state budget – UAH 31.4 billion, the Ministry of Finance said on Friday.
The total public debt of Ukraine in September 2021 felll by 0.55% in U.S. dollars and amounted to $92.02 billion, while it decreased by 1.6% in hryvnia, to UAH 2.445 trillion.
Industrial production in Ukraine in September 2021 decreased by 0.7% compared to September 2020, while in August its growth was 0.6%, in July – 0.2%, in June – 1.1%, the State Statistics Service has reported.
Real wages in Ukraine in September 2021 compared to September 2020 increased by 6.9%, and relative to August of this year – by 0.5%.
The volume of construction work performed in Ukraine in September 2021 increased by 10% compared to September 2020. The total rental activity in Kyiv’s office real estate market in the first half of 2021 amounted to 43,000 square meters, which is 22% more than in the same period last year.
Ukraine since the beginning of this season and as of October 28 threshed 60.75 million tonnes of main grain and leguminous crops from a total area of 12.86 million hectares.
Publisher of “Open4Business”, PhD in Economics, Maksim Urakin