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Monthly economic monitoring

  • Monthly Economic Monitoring of Ukraine No.233

    17.06.2024
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    • On June 11-16, several important international events were organized and they are expected to contribute to Ukraine's resilience and victory: URC2024, the G7 meeting, and the Global Peace Summit.
    • According to the IER, real GDP growth slowed slightly to 3.5% yoy in May compared to 4.2% yoy in April due to significant damage caused by russian attacks on electricity generation.
    • Restrictions on electricity supply to industry and the population continue: efficient consumption and the installation of decentralized power generation capacities are a priority.
    • The Ukrainian Sea Corridor allows an increase in the exports of ores and metallurgical products.
    • Foreign aid was the lowest in May. However, already in June Ukraine should receive about USD 4 bn in loans.
    • In May, as in the previous three months, consumer inflation was slightly above 3% (3.3% yoy).
    • In June, the NBU again reduced the discount rate – from 13.5% to 13% per annum.
    • The hryvnia exchange rate has surpassed UAH 40 per dollar due to the growing demand for cash currency.

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    Issue:  June 2024
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