Ukraine

The newly approved IMF ‘rescue package’ has averted a balance-of-payments crisis and stabilised the currency following a 50% depreciation. However, the economic recession is likely to reach at least 5% this year due to the IMF-imposed austerity package and the ongoing internal armed conflict. The newly signed 'deep free trade' agreement with the EU – though beneficial in the long term – will require painful short- and medium-term adjustments, potentially inflicting further economic losses.

map Ukraine
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.457064559345490...
GDP, real change in %5.40.20.0-5.00.01.8
GDP per capita (EUR at PPP)650067006700...
Gross industrial production, real change in %8.0-0.5-4.3...
Unemployment rate - LFS, in %, average7.97.57.28.08.07.7
Average gross monthly wages, EUR237295308...
Consumer prices, % p.a.8.00.6-0.311.09.74.5
Fiscal balance in % of GDP-1.7-3.5-4.2...
Public debt in % of GDP35.135.338.8...
Current account in % of GDP-6.0-7.9-8.8-3.0-3.2-3.3
FDI inflow, EUR mn517763603396...
Gross external debt in % of GDP80.571.972.5...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures
Details

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UKRAINE: Teetering on the brink

Vasily Astrov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 105-107
Details and Buy


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