wiiw Forecast Reports

UKRAINE: Bottoming out


Vasily Astrov

in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 134-138

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After three quarters of deep recession, the recent months suggest a gradual bottoming out of the economy, albeit at a very low level. Fiscal austerity and high inflation continue to weigh heavily on domestic demand, while exports have so far not been able to take full advantage of the competitive exchange rate. The recent sovereign debt restructuring should provide only a minor relief to the budget and will not prevent the public debt to GDP ratio from rising further.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Ukraine