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macroeconomics - Latest Articles GMK Center

Photo – Ukraine’s foreign trade in goods declined by 1% in January–March
Ukraine’s foreign trade in goods declined by 1% in January–March

Ukraine’s exports of goods in Q1 remained at the same level as in Q1 2019

Photo – The IMF projects a 7.7% decline in Ukraine’s GDP in 2020
The IMF projects a 7.7% decline in Ukraine’s GDP in 2020

The economic growth is however estimated at 3.6% in 2021

Photo – The Parliament adopted amendments to the 2020 state budget
The Parliament adopted amendments to the 2020 state budget

Budget revenues are reduced by 11% to ₴975.8 billion, whereas spending increased by 7% to ₴1.266 trillion

Photo – A fall in Ukraine’s GDP was 0.2% in January–February
A fall in Ukraine’s GDP was 0.2% in January–February

A further fall in GDP may be expected in the future, which, according to the Cabinet of Ministers, will reach 4.8% in 2020

Photo – The government expects a 4.8% drop in GDP in 2020
The government expects a 4.8% drop in GDP in 2020

According to the government’s estimates, Ukraine’s exports of goods and services will drop by 5.5% next year

Photo – The Prime Minister says the quarantine may be eased after May holidays
The Prime Minister says the quarantine may be eased after May holidays

Until a vaccine is found, mass events will be banned and public transport restricted

Photo – The Ministry of Economy expects a 3.9% decline in Ukraine’s GDP in 2020
The Ministry of Economy expects a 3.9% decline in Ukraine’s GDP in 2020

The Ministry revised its initial growth forecast of 3.7%

Photo – Ukraine’s industrial production decline slowed down to 1.5% in February
Ukraine’s industrial production decline slowed down to 1.5% in February

Production of steel and finished steel products declined by 4.1%

Photo – Mining & metals companies generate every eighth hryvnia of Ukraine’s GDP
Mining & metals companies generate every eighth hryvnia of Ukraine’s GDP

One steel worker in Ukraine creates 2.2 jobs in related industries

Photo – Industrial production in January dropped by 5.1%
Industrial production in January dropped by 5.1%

Production of steel and steel products declined by 10.3%, while mining of metal ores by 1.5%

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