Ukraine Economic Outlook
February 6, 2018The recovery is expected to have again slowed in the fourth quarter, capping off a year of moderating growth. Although booming wage growth and pension increases supported activity in the quarter, the economy is still feeling the effects of the trade blockade with rebel-held regions that began in Q1 2017. Industrial production contracted in December, and poor agricultural output dented the economy’s momentum in Q4. Overall, growth has been hampered by weak institutions, slow reform momentum and widening fiscal and current account deficits. Moreover, a lack of progress on reforms has been a stumbling block. Political willpower for tough IMF-mandated reforms is low and dissipating quickly in the runup to the 2019 elections. Aid from the institution has been delayed over a lack of progress on reforms. In January, the IMF warned the government that its plans for a new anti-corruption court—an IMF-mandated measure—do not meet its requirements. Ukraine has been criticised for taking a soft stance on fighting corruption and ensuring the independence of judges’ selection process.
Ukraine Economic GrowthContinued geopolitical concerns and the slow pace of reforms are weighing on Ukraine’s outlook. However, the fading effects of the trade blockade and recovering household consumption should fuel a moderate pick-up in growth this year. Met the why particular panelists see GDP rising 2.9% in 2018, which is unchanged from last month’s forecast. In 2019, growth is expected to pick up to 3.1%.
Ukraine Economy Data
5 years of Ukraine economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||19.00||0.0 %||Jul 27|
|Exchange Rate||27.05||0.30 %||Feb 20|
|Stock Market||336||0.21 %||Feb 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Ukraine Economic News
January 26, 2018
According to data released by the Statistical Institute, industrial activity fell 0.5% in December over the same month of 2016, reverting to contractionary territory after expansions of 0.3% and 0.4% in November and October, respectively.
January 25, 2018
At its meeting on 25 January, the National Bank of Ukraine (NBU) in a surprise move announced its decision to hike the key policy rate from 14.50% to 16.00%, marking the third consecutive rate hike since October.
January 11, 2018
A lack of progress on economic reforms and measures to combat corruption is throwing Ukraine’s IMF USD 17.5 billion bailout program into question.
January 11, 2018
In December, consumer prices rose 1.0% from the previous month, which was a notch above November’s 0.9% increase.
December 26, 2017
According to data released by the State Statistics Service of Ukraine, industrial activity expanded 0.3% in November over the same month of 2016, slightly below October’s 0.4% growth.