Archive 2012

• Monthly Economic Monitor Ukraine No.9 (143)

  11.09.2012
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  • Highlight: Russia and WTO - WTO ACCESSION AND NEW UTILIZATION FEE IN RUSSIA: DO THEY FIT TOGETHER?
  • Politics: The IMF mission visited Ukraine. The timing of loan disbursement under the SBA is not clear.
  • Real Sector: Industrial output declined by 4.8% yoy due to lower external demand.
  • Sectoral news: The Government continues attempts to decrease dependency on the natural gas imported from Russia.
  • External sector: Current account deficit shrank to USD 1.3 bn in July from USD 1.5 bn in June as net yield outflows declined to USD 0.3 bn in July.
  • Fiscal policy: Between January and July central fiscal deficit surged to UAH 16.9 bn, while central fiscal expenditures were by 7.6% below the target.
  • Social policy: The Government states that 12 m former depositors of Soviet Sberbank will receive payouts in 2013.
  • Labour market: Wage growth continued decelerating in July due to economic slowdown.
  • Monetary policy: Bank liquidity remained tight in August reflecting low free reserves and high interbank interest rates.
  • Financial markets: Between January and August, total state borrowings grew by 26.2% yoy to UAH 76.8 bn.
  Issue:  No.9 (143) September 2012