Archive 2011

• Monthly Economic Monitor Ukraine No.7 (129)

  12.07.2011
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  • Freedom house expressed concerns over Ukrainian democracy.
  • Real GDP grew 5.3% yoy in first quarter as high consumption was offset by negative net exports.
  • Grain export duties and changes to VAT refunds to grain exporters became effective in July.
  • Current account deficit widened in May.
  • Budget was revised in June with revenues and expenditures raised.
  • Unemployment rate reached 8.7% in the first quarter.
  • Consumer inflation jumped to 11.9% yoy in June due to low statistical base.
  • Government issued USD 1.25 bn of Eurobonds.
  • Exchange rate remained stable but required more NBU interventions.
  • HIGHLIGHT OF THE MONTH: Grain export duties - Inconsistency between government policy and declared goals
  Issue:  No.7 (129) July 2011