- Ukraine was granted an IMF stand-by loan to cope with the crisis.
- Between January and September real GDP growth slowed to 6.9% yoy as manufacturing and agriculture decelerated.
- Despite a large harvest, low prices and tight credit endanger financial conditions of agricultural producers.
- Current account deficit is estimated at USD 8.4 bn or 5.8% of GDP in the first three quarters of 2008.
- Consumer price inflation slowed to 23.2% yoy in October.
- Exchange rate suffered from extreme volatility with the peak at 7.05 UAH/USD on October 29.
- Measures have been taken to stabilise the situation in the banking sector.
MEMU SUPPLEMENT: "Global financial crisis: impact on the real sector in Ukraine"
