Macro - Country Economic Forecasts - Ukraine

Macro - Country Economic Forecasts - Ukraine



The Ukrainian economy continues to recover despite intensification of military activity and destruction of nearly half of power generation capacity. After better-than-expected 6.5% y/y growth in Q1 this year, the Ministry of Economy estimates that GDP growth slowed to 4.3% y/y in April and 3.7% in May. According to the Ministry's estimates, electricity shortages have reduced GDP growth by about 1ppt in Q2 2024.


Ukraine: K1 GDP beat projections despite severe energy shortages
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and Politics

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