The fall in real gross domestic product of Ukraine (GDP) in the second quarter of this year will accelerate to 11.3% from 0.5% in the first quarter, the National Bank of Ukraine (NBU) predicts in an updated inflation report.
Analysts of J.P. Morgan forecast recession at 5.1% of GDP in Ukraine in 2020 with inflation of 3.7% with a small deficit of current account of the balance of payments at 0.2% of GDP, according to the review dated May 5.
The drop in gross domestic product (GDP) of Ukraine in Q1, 2020 amounted to 1.2%, the Economic Development, Trade and Agriculture Ministry of Ukraine has said. Earlier, it forecasted GDP contraction at 0.9%.
Capital Times investment company with offices in Ukraine and Belarus has worsened expectations for the dynamics of both real and nominal GDP of Ukraine in 2020, in particular, according to its estimates, the country’s real GDP will fall by 7%.
Ukraine’s gross domestic product (GDP) will decrease by 5.2% in 2020, with a further return to growth by 3.6% in 2021, analysts from Oxford Economics predict.
There are no grounds for changing the forecast for the decline in Ukraine’s real gross domestic product (GDP) in 2020 by 4.8%, there are discrepancies with the National Bank of Ukraine (NBU) regarding the forecast for the hryvnia exchange rate and inflation, Minister of Economic Development, Trade and Agriculture Ihor Petrashko has said.
Ukraine’s GDP decline increased from 4.5% in March to 12% in April, and the GDP fall in Q2 2020 could be 10%, according to a study of the ICU Group.
Ukraine’s real gross domestic product (GDP) will decrease by 7.2% in 2020, of which the effect of quarantine will be about 3.0 percentage points (p.p.), and next year GDP growth will reach 4.3%, such an updated macro forecast was issued by Dragon Capital investment company.
BofA Global Research analysts again worsened the forecast for the pace of real GDP in Ukraine: in 2020, they now expect it to fall by 6.8% compared to 5.6% earlier, and in 2021 – by 6.5% instead of the previous estimate of 7.4%.
President of Ukraine Volodymyr Zelensky has expressed a gratitude to the parliamentarians for a decision meant to speed up consideration of law on settlement of the bank activities and will give an opportunity to continue cooperation with the IMF.
The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) fell by 15.9 percentage points in April, to 29.9 points, which is lower than the neutral BAOI reading of about 50 and which signals about prevalence of pessimistic expectations of business.
The Finance Ministry of Ukraine on May repaid the second issue of the U.S. guaranteed loan participation notes. The total payment amount exceeded $1 billion, the ministry said on its website on Friday.
Ukraine’s real gross domestic product (GDP) will decrease by 7.2% in 2020, of which the effect of quarantine will be about 3.0 percentage points (p.p.), and next year GDP growth will reach 4.3%, such an updated macro forecast was issued by Dragon Capital investment company.
Ukraine’s economy was well-prepared for the current crisis thanks to important reforms that had been implemented in the country in recent years, EBRD Regional Lead Economist for Eastern Europe and Caucasus Dimitar Bogov, who is also a former governor of the central bank of Macedonia, has said.
