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Archive 2011

  • Monthly Economic Monitor Ukraine No.7 (129)

    12.07.2011
    • 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
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