Economy Stabilizes, But Recovery is Far Away


By September, it became clear that the economy had finally stabilized.  All macro-parameters are signaling some improvement in the economic system.  In particular, in August industrial output’s decline dropped down to the single-digits (-5.8% y/y vs. -20.5% y/y in H1 2015). We observed disinflation gather momentum, as the hryvnia’s position improved and resource prices continued to fall.  Still, these positive trends do not mean that a recovery is on its way.  More about economic perspectives, please, read at our last quarterly report “Economy Stabilizes, But Recovery is Far Away”. The full report could be obtained through subscription at Global Source (   Trial access is available.

Ukrainian Economic Outlook

October 6, 2015