State statistics service has improved the assessment fall Ukraine’s GDP in I quarter

Госстат улучшил оценку падения ВВП Украины в I квартале

The decline of the gross domestic product (GDP) of Ukraine in January-March 2020 amounted to 1.3% compared to the same period of 2019, whereas under the pre-operational evaluation, published in mid-may, the figure was 1.5%.

According to statedata, GDP growth in the fourth quarter of 2019 amounted to 1.5%, in the third and 3.9% in the second – 4.7% in the first quarter and 2.9%.

As reported by the state statistics service, real GDP in January-March this year (taking into account the seasonal factor) decreased by 0.7% compared with the previous quarter, compared to the first quarter of 2019 – by 1.3%.

According to the state statistics service, nominal GDP in the first quarter of 2020 amounted to 845,8 billion, and per one person – UAH 20203, the change in the deflator is 5.1%

The mortality rate in Ukraine: state statistics explained for the lack of spring data

As reported, the international monetary Fund (IMF) in its April world economic forecast downgraded the forecast of decline of Ukraine’s GDP in 2020 to 8.2% from 7.7%.

The release of the Fund in connection with the approval of 18-months. the program stand by for Ukraine for $5 billion, the forecast recovery of the Ukrainian economy in 2021 also deteriorated from 3.6% to 1.1% with an acceleration to 3% in 2022.

According to the new estimates, the current account deficit could rise from 1.7% of GDP in 2019 to 1.7% this year and 2% in the next and slightly decreased to 1.9% of GDP in 2022, while in April the IMF was expecting expansion of the deficit this year to 2% of GDP and next year to 2.4% of GDP.