21 March 2023
Macroeconomics
Macro Update
Economy Stabilized; Dependence on Foreign Aid Critical
The Ukrainian economy has stabilized and, assuming no major escalation of the war, we expect an otherwise uneventful 2023. Real GDP is set to stay close to last year’s level following a 29% contractio ...
ICUMacroInsight-20230321-ENG.pdf (369.5kb)
25 November 2022
Macroeconomics
Макроекономічний огляд
Здійснюючи неможливе
Подібно до того, як українська армія це зробила на полі битви, українська економіка змогла уникнути найгіршого сценарію та швидко пристосувалася до нових реалій. Після скорочення ВВП на 45-50% у перші ...
ICUMacroInsight-20221125-UKR.pdf (374.1kb)
16 November 2022
Macroeconomics
Macro Update
Delivering the Impossible
Similar to the Ukrainian army on the battlefield, the Ukrainian economy defied the worst expectations of collapse and has managed to rapidly adjust to new realities. After suffering a 45-50% decline i ...
ICUMacroInsight-20221116-ENG.pdf (351.1kb)
14 September 2022
Macroeconomics
Макроекономічний огляд
Блукаючи лабіринтами війни
Українська економіка зазнала величезних збитків у перші місяці повномасштабної російської війни. Економіка продовжує працювати, проте в наступні кілька років зіткнеться зі значними труднощами. Втрата ...
ICUMacroInsight-20220914-UKR.pdf (356.1kb)
9 September 2022
Macroeconomics
Macro Update
Muddling Through the Labyrinth of War
Ukraine suffered huge losses in the first months of russia’s full-scale invasion. The economy clearly survived, but it is set to be facing numerous headwinds in the years to come. The loss of physical ...
ICUMacroInsight-20220909-ENG.pdf (345kb)
22 July 2022
Macroeconomics
Economic Insight
NBU Takes Bold Decision to Protect Reserves
Yesterday, the NBU abandoned the pre-war official exchange rate of hryvnia vs. US$ and devalued the local currency by 20%. This move is designed to reduce imbalances in the FX market by curbing dem ...
ICUMacroInsight-20220722.pdf (242.2kb)
20 June 2022
Macroeconomics
Economic Insight
Eurobonds: Pros and Cons of Restructuring
The Ukrainian economy has been badly hit by the war and is operating in an extremely challenging environment. Budget revenues plummeted while expenditures are elevated. The government has maintaine ...
ICUMacroInsignt-20220620.pdf (180.3kb)
13 June 2022
Macroeconomics
Economic Insight
Takeaways from Local Government Debt Management Workshop
ICU, in cooperation with the Ministry of Finance of Ukraine, the National Bank of Ukraine, and Clearstream, held the Local Government Debt Management Workshop on 8 June 2022. Participants discussed ...
ICUMacroInsight-20220613.pdf (136.6kb)