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  • Monthly Economic Monitoring of Ukraine No. 221

    15.06.2023

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    •          According to the IER, real GDP growth slowed to 19.9% yoy in May compared to almost 22% yoy in April.
    •          According to the State Statistics Service, real GDP decreased by 10.4% yoy in the first quarter, but this estimate has open issues.
    •          Russians destroyed the Kakhovskaya hydroelectric power plant and its dam, causing flooding in the south of Khersonska, Zaporizhska, and Mykolaivska regions, electricity shortages, and risks for the Zaporizhzhya nuclear power plant.
    •          Grain exports by sea slowed down again.
    •          If the current trends are maintained, the cumulative deficit of merchandise trade in June will almost equal the deficit for 2022.
    •          The Government of Ukraine and the IMF reached a staff-level agreement on the first review of the IMF Program.
    •          The NBU has left the discount rate at 25%, marking a year of such a rate. It may change in the coming months.
    •          Inflation remains restrained: in the last seven months, except for March, the monthly growth of consumer prices did not exceed 1%.

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    IER is preparing the publication of Macroeconomic Monitoring of Ukraine with the financial support of the European Union as part of the project " Economy of Ukraine during the war and support of Ukrainians affected by the war ".

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