Ukraine Economic Outlook
July 31, 2018Ukraine’s recovery appears to have persisted in the second quarter, after growth picked up at the outset of the year. Domestic demand is expected to have remained in the driver’s seat in Q2: The sustained easing of inflationary pressures, coupled with improving labor market dynamics and strong remittance inflows, likely buttressed private consumption. In addition, household lending surged in the first half of the year against an increasingly stable banking sector. Meanwhile, the IMF has backed the country’s revised plans for an anti-corruption court after the amended law was approved by the Rada on 12 July. On a less positive note, in a move likely influenced by next year’s presidential and parliamentary elections, the government recently extended the gas-price freeze until the beginning of September, once again failing to fulfill one of the Fund’s key conditions and thereby reducing the prospects of receiving another tranche of funding in the coming months.
Ukraine Economic GrowthDomestic demand should remain healthy and lead the sustained recovery this year amid heavy investment activity and robust household consumption growth. Nevertheless, downside risks are significant and stem from mounting political tensions domestically and slow reform momentum. Met the why particular panelists see GDP rising 3.1% in 2018, unchanged from last month’s forecast, and 3.1% again in 2019.
Ukraine Economy Data
5 years of Ukraine economic forecasts for more than 30 economic indicators.
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|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||27.50||0.30 %||Aug 15|
|Stock Market||508||0.21 %||Aug 15|
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Ukraine Economic News
August 11, 2018
Consumer prices fell 0.7% month-on-month in July, following a flat reading in June.
July 27, 2018
According to data released by the Statistical Institute, industrial output rose 2.2% in annual terms in June, decelerating from May’s 2.5% increase.
July 16, 2018
Consumer prices were stable in month-on-month terms for the second consecutive month in June (May: +0.0% month-on-month).
July 12, 2018
At its 12 July meeting, the National Bank of Ukraine (NBU) decided to hike the key policy rate by 50 basis points to 17.50%, catching market analysts by surprise.
June 27, 2018
According to data released by the Statistical Institute, industrial output rose 2.5% in annual terms in May, decelerating from April’s 3.0% increase.