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Photo: Kiev quarantine (Vitaliy Nosach, RBC-Ukraine)
According to preliminary data, GDP in the first quarter fell 1.5%
The State Statistics Service released a preliminary assessment of Ukraine’s gross domestic product (GDP) in the first quarter of 2020. According to the first data, the Ukrainian economy contracted by 1.5% compared to the same period last year. .
RBC-Ukraine reports this with reference to the State Statistics Service.
According to the statistics agency, compared to the fourth quarter, the fall in GDP was 0.8%.
In the future, this data will be updated.
Note that according to the Ukrainian Ministry of Economic Development, Trade and Agriculture, Ukraine’s real gross domestic product (GDP) in January-March 2020 decreased by 1.2%.
Remember that the National Bank of Ukraine (NBU) dramatically worsened the forecast for growth of gross domestic product (GDP) in Ukraine in 2020 due to the coronavirus pandemic. According to the NBU forecast, Ukraine’s economy will contract 5.0% in 2020, and recovery growth will reach 4.3% in 2021.
The International Monetary Fund (IMF) predicts a drop in Ukraine’s GDP in 2020 by 7.7% in 2020 and a recovery growth of 3.6% in 2021. At the same time, the world economy will fall in 2020 by 3 , 0%.
Posted by: Alexander Belous
