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  • Monthly Economic Monitoring of Ukraine No.220

    16.05.2023

    Resume

     

    • The IER estimates that real GDP grew by 22% in April 2023 compared to the low base of April 2022.
    • In April, there were no limits on electricity consumption, and Ukraine returned to its exports.
    • To prepare for power outages due to the repair of energy units, Ukrenergo and ENTSO-E are constantly increasing technical capacity for importing electricity to Ukraine.
    • The Cabinet of Ministers has not yet raised energy tariffs for the population.
    • The Energy Strategy until 2050 was adopted, but its text was classified.
    • Last month was difficult for exports due to further problems with the Black Sea Grain Initiative, bans on agricultural imports by Poland and several other neighbouring countries, and transit problems.
    • In April, Ukraine received a record amount of international financial support, which helped the National Bank to reach a new high in international reserves.
    • Inflation has fallen below 20% yoy for the first time since June 2022.

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    IER is preparing a publication of the Macroeconomic Monitoring of Ukraine with the financial support of the European Union within the framework of the project "Ukraine's economy during the war and support for Ukrainians affected by the war".

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