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Archive 2013

  • Monthly Economic Monitor Ukraine No.4 (150)

    11.04.2013
    • Highlight: Safeguards on Imported Cars - EXPECTED IMPACT OF SAFEGUARD MEASURES ON IMPORTED MOTOR CARS
    • Politics: In early April the crisis in the Parliament reached its peak as pro-presidential majority adopted over 20 laws on a special session outside the Parliament’s premises.
    • Real Sector: Drop in industrial output in February accelerated to 6.0% yoy as improvement in external demand was insufficient to lift export-oriented sectors.
    • Energy sector: Ukraine considerably decreased imports of natural gas from Russia in the attempt to diversify its gas imports.
    • Agriculture: Introduction of compulsory crop-rotation plans seems to be inefficient policy to address the problem of soil quality deterioration.
    • External sector: Current account deficit in February shrank to USD 1.0 bn due to falling merchandise imports.
    • Fiscal policy: Growing need to finance fiscal expenditures and debt redemption resulted in widening of central fiscal deficit to UAH 2.3 bn in February.
    • Social policy: Real disposable income increased by 9.7% in 2012 primarily due to higher wages and social assistance.
    • Labour market: Unemployment rate reached 8.0% of economically active population of age between 15-70 years old in the last quarter of 2012.
    • Monetary policy: In March, CPI fell by 0.8% yoy due to fall in food prices.
    • Financial markets: In March the Government increased placement of domestic state bonds due to higher fiscal expenditures and debt redemption.
    Issue:  No.4 (150) April 2013
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