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Monthly economic monitoring

  • Monthly Economic Monitoring of Ukraine No.238

    18.11.2024
    Free

    Executive Summary

     

    • According to the IER, GDP growth decelerated to 1.1% yoy in October from 4.0% yoy in September.
    • There were no scheduled electricity outages in October, and electricity imports decreased by 58% mom to 181 thousand MWh.
    • On November 1, Ukraine began the natural gas withdrawal season from its underground storage facilities, where it accumulated 12.9 bn cubic meters of gas.
    • In October, transshipment in seaports increased by 16% mom to 8.1 m tons.
    • Exports jumped to USD 3.8 bn in October, reaching its highest level this year.
    • The President has not yet signed the amendments to the Tax Code of Ukraine, which were supposed to generate additional resources for the budget for this and the following year.
    • The fifth review of the IMF program was successful and allowed Ukraine to receive USD 1.1 bn from the Fund.
    • The United States and the EU have approved important decisions regarding their contribution to Ukraine under the USD 50 bn package from G7, which should be secured by russian assets.
    • In October, inflation reached 9.7% yoy, primarily due to a significant rise in prices for several food products.
    • The hryvnia has remained stable against the dollar since July. The key policy rate also remained at 13% per annum.

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    Issue:  November 2024
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