PM Shmygal predicts Ukraine's economic decline by almost 5% by end of 2020.

Censor.NET reports citing Interfax.

"When we did not anticipate the coronavirus epidemic, the optimistic forecast predicted 3.7 (percent growth rate – 112 International.). Now it is minus 4.8," Shmygal said.

According to the prime minister, this is the calculation on which the Cabinet based the state budget, and it cannot be called neither optimistic nor pessimistic. Such a macro forecast is agreed by all Ukrainian institutions, organizations and economists.

Read more: 100,000 PCR tests delivered to Ukraine from South Korea

"New figures on the Cabinet session have been approved. During the preparation of a new forecast, specialists of the Ministry of Economy conducted consultations with experts of the Finance Ministry, National Bank, the IMF and independent analytical organizations. Perhaps, we're not fine with all figures, but we expect an improvement of the economic situation in the second half-year period," Prime Minister of Ukraine stated.

Related news

Ukrainian customs agency fulfills July plans

Last month's figure was 17% up on the figure registered in the previous month.

1

Pace of grain exports from Ukraine slower than last year.

Ukraine exported 2.52 million tonnes of grain from July 1 to August 3, 2020.

1

Open data transport service includes section to track road safety improvement in Ukraine – Krykliy.

The open data service of the transport industry has been replenished with a new section (https://bi.e-transport.gov.ua/road-safety), which provides up-to-date information on improving road safety in different regions of Ukraine.

Ukraine cuts electricity imports by 30 times in H1 2020.

In January-June 2020, Ukraine’s electricity imports decreased by 30 times compared to the previous year, while exports – by 6.8 times.

Kudrytsky elected head of Ukrenergo

The supervisory board of Ukrenergo has elected Volodymyr Kudrytsky chairman of the company's board.

1

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies