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Archive 2009

  • Monthly Economic Monitor Ukraine No.7 (105)

    09.07.2009
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    • The second review within the framework of the IMF stand-by loan agreement was completed.
    • Real GDP dropped by 20.3% yoy in the first quarter of 2009 as investment activity halved and inventories shrunk.
    • The Verkhovna Rada granted privileges to biofuels.
    • Current account deficit narrowed to USD 0.7 bn between January and May.
    • The central fiscal revenues (general fund) declined by 12.0% yoy in the first five months of 2009.
    • Real disposable incomes declined by 12.9% yoy in the first quarter of 2009 as the ILO unemployment rate reached 9.5%.
    • Inflation accelerated to 15.0% yoy in June.
    • Household deposits increased by 2.7% mom in June but banks continued to decrease loans.
    • HIGHLIGHT OF THE MONTH: Bank recapitalization - Too big to fail?
    Issue:  No.7 (105) July 2009
    Attached file  (153.6 kb)
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