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Ukraines economy to contract 8% on year in June, ICU group forecasts
Journal Staff Report

KYIV, July 27 The ICU investment group expects a slowdown in the fall of Ukraine's gross domestic product (GDP) in June to 8% compared to the same period in 2019 due to improved indicators in industry and trade, the head of the group's macroeconomic research department Serhiy Nikolaychuk said on Monday.

"We estimate the fall in GDP in the second quarter of about 10-11% year-over-year (compared to 10% year-over-year in our forecast). At the same time, more than 1 percentage point in this fall is provided by the factor of late start of grain harvesting, which should be offset in the next quarter," he said.




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