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Archive 2012

  • Monthly Economic Monitor Ukraine No.3 (137)

    10.03.2012
    • HIGHLIGHT OF THE MONTH: Trade war - Dairy trade dispute: the beginning of a new trade war?
    • Politics: The West worries about compliance of rule of law in Ukraine.
    • Real Sector: Industrial output increase by 2.0% yoy in January due to weak domestic and external demand.
    • Sectoral news: The first steps towards restructuring of the Naftogaz have been initiated.
    • External sector: Current account balance was positive in January.
    • Fiscal policy: The central fiscal surplus in January was primarily explained by attempts of the Government to accumulate funds for peak debt payments.
    • Social policy: The approved budget of the Pension Fund envisages optimistic level of the deficit..
    • Labour market: Average wage grew by 18.5% yoy in January primarily due to minimum wage increase.
    • Monetary policy: CPI growth decelerated to 3.0% yoy in February.
    • Financial markets: The international reserves of the NBU declined by USD 0.3 bn to USD 31.0 bn.
    Issue:  3 (137) March 2012
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