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Photo – The Ministry of Economy estimates a drop in 7 months Ukraine’s GDP at 6.2%
The Ministry of Economy estimates a drop in 7 months Ukraine’s GDP at 6.2%

A decline in Ukraine’s steel industry accelerated to 13.6% in a month

Photo – Capital investments in the steel industry dropped by 30% in H1
Capital investments in the steel industry dropped by 30% in H1

Steelmakers invested ₴8.6 billion in production development in January–June

Photo – Business supports the government’s national economic strategy
Business supports the government’s national economic strategy

The strategy will identify seven vectors of Ukraine’s development, including industry

Photo – The State Statistics Service of Ukraine predicts a 11.4% GDP drop in Q2
The State Statistics Service of Ukraine predicts a 11.4% GDP drop in Q2

GDP declined by 9.9% against the previous quarter

Photo – Experts polled by the Ministry of Economy expect a 6% fall in GDP in 2020
Experts polled by the Ministry of Economy expect a 6% fall in GDP in 2020

Experts consider a second wave of the COVID-19 pandemic in H2 2020 is highly possible

Photo – The Ministry of Economy estimates a drop in GDP in January–June at 6.5%
The Ministry of Economy estimates a drop in GDP in January–June at 6.5%

The economic recession in Q2 reportedly reached 11%

Photo – The National Bank predicts a 11% drop in Ukraine’s GDP in Q2
The National Bank predicts a 11% drop in Ukraine’s GDP in Q2

The main reason - restrictions on certain activities

Photo – National Bank: Ukraine’s real GDP may fall by over 5% in 2020
National Bank: Ukraine’s real GDP may fall by over 5% in 2020

The second quarter is expected to bring a deeper real GDP contraction

Photo – The State Statistics Service reported a 1.3% GDP drop in Q1
The State Statistics Service reported a 1.3% GDP drop in Q1

The agency had expected a 1.5% economic decline in Ukraine

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