GDP falls below forecast in Q2

The outlook had been provided by the economy ministry.

Ukraine's grand domestic product (GDP) in the second quarter of 2020 decreased by 11.4% year-on-year, the State Statistics Service reports.

Publications
Opinions
Archive
Contact us
Advertising
Image bank
Monitoring
Press center

The result is 0.4 percentage points worse than forecast earlier.

Previous forecasts

Earlier, the Ministry for Development of Economy, Trade, and Agriculture estimated the drop in Ukraine's GDP in Q2 2020 at 11%.
Fitch Ratings in connection with the COVID-19 pandemic predicts a 4.6% fall in global GDP in 2020 on year, which is 2.7 percentage points worse than the agency's forecast released in April.
Minister of Finance Serhiy Marchenko said the Ukrainian economy this year would fall by no more than 5%.

GDP