Newsletter Issue No. 112 | February 2018

Economic outlook Ukraine: Higher growth to be expected

Last year the Ukrainian economy expanded by 2.2%, in spite of the trade suspension with the noncontrolled area in the East, which dampened growth by ca. 0.9%. Except for inflation, which exceeded the National Bank’s target, macroeconomic indicators performed rather well. Especially the fact that fiscal consolidation is bearing its first fruits and led to a
decrease in the public debt-to-GDP ratio for the first time since several years is to be highlighted: This indicator decreased from more than 81% of GDP to 73%.

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