Skip to content
Edit post

J.P. Morgan downgrades Ukraine’s 2021 GDP growth forecast from 4.5% to 2.3%

by Daryna Antoniuk November 20, 2021 1:00 AM 1 min read
(Oleg Petrasiuk)
This audio is created with AI assistance

Support independent journalism in Ukraine. Join us in this fight.

Become a member Support us just once

The New York-based investment bank sharply revised Ukraine’s 2021 real GDP growth to 2.3% down from an original forecast of 4.5% after Ukraine’s economy failed to meet macroeconomic benchmarks, Interfax-Ukraine reports. The bank maintained its forecast for GDP growth of 5% in 2022.

J.P. Morgan expects overall inflation in Ukraine to be at 9.4% in 2021 and 8.3% in 2022.

Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
5:19 AM

Russian attack on Kharkiv injures 1.

A Russian attack on the city of Kharkiv damaged homes in a residential area and caused a fire to break out, Kharkiv Mayor Ihor Terekhov reported on Telegram. As a result of the attack, one person was injured.
12:06 AM

Bloomberg: Russian tycoons move assets home amid Western sanctions.

Increasingly cut off from western banking and financial services, Russia's wealthiest individuals are facing a dilemma when it comes to handing their fortunes to the next generation, according to Bloomberg. Most of the billionaires who were sanctioned have opted to move assets home, the news agency reported.
10:05 PM

Germany to buy 3 HIMARS for Ukraine.

HIMARS, whose prowess became a popular motif of internet memes, was a game-changer for Ukraine when it first arrived in the summer of 2022, allowing Kyiv to target Russian forces behind the front lines far more accurately than they had previously.
7:57 PM

Russian attacks on Kharkiv Oblast injure 2.

Russia has recently intensified attacks against the Kharkiv Oblast in which Kupiansk is situated, using missiles, glide bombs, and kamikaze drones to destroy energy infrastructure and kill civilians.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.