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Ukraine’s GDP - Latest Articles GMK Center

Photo – The Ministry of Economy expects a 3% drop in Ukraine’s GDP in Q1
The Ministry of Economy expects a 3% drop in Ukraine’s GDP in Q1

However, the Ministry predicts a GDP growth starting Q2

Photo – The World Bank improves forecast for Ukraine’s GDP in 2021 to 3%
The World Bank improves forecast for Ukraine’s GDP in 2021 to 3%

Early October it estimated the growth of Ukraine’s economy at only 1.5%

Photo – The State Statistics Service of Ukraine predicts a 3.5% GDP drop in Q3
The State Statistics Service of Ukraine predicts a 3.5% GDP drop in Q3

Ukraine’s economy grew by 8.5% against the previous quarter

Photo – The Ministry of Economy estimates a drop in Ukraine’s GDP at 5.5%
The Ministry of Economy estimates a drop in Ukraine’s GDP at 5.5%

A decline in Ukraine’s steel production slowed down to -12.6%

Photo – The National Bank increases its forecast for Ukraine’s GDP in Q3 to -6.2%
The National Bank increases its forecast for Ukraine’s GDP in Q3 to -6.2%

The reason for a better economic forecast is recovery of economic activity following the lift of strict lockdown

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 – 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

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