ENG
13196 visitors online
Understanding GDP is crucial in evaluating economic health. Ukraine's GDP could exceed Russia's in the next decade, according to US Secretary of State Marco Rubio. This optimism is fueled by substantial economic contributions from Ukrainian refugees in Poland, accounting for 2.7% of Polish GDP. Also, NATO is considering a 5% GDP defense spending target, including support for Ukraine. Meanwhile, global investment banks express concerns about a potential recession in the US due to new tariffs. Moreover, the mass deportation proposed in the US could shrink GDP by 8%, reflecting the significant socioeconomic role of every demographic segment.
How does Marco Rubio see Ukraine's GDP surpassing Russia's?
Marco Rubio predicts that if strategic measures are maintained, Ukraine's GDP could surpass Russia's within a decade. This optimism is based on Ukraine's ongoing economic reforms and international support, combined with the significant contribution of the displaced Ukrainian workforce in neighboring countries, which bolsters regional economies and boosts overall growth prospects.
What impact do Ukrainian refugees have on Poland's GDP?
Ukrainian refugees positively impact Poland's GDP, contributing approximately 2.7% to its growth. Their integration into Poland's labor market has not only filled workforce gaps but also stimulated economic activities, representing a significant factor in sustaining the country's economic growth and stability amidst global uncertainties.
What is NATO's proposed defense spending in relation to GDP?
NATO is currently in discussions to raise its defense spending target to 5% of GDP. This increase is aimed at strengthening collective defense and supporting allies, including Ukraine, in response to evolving global security challenges. Enhancing military capabilities aligns with the strategic interest of NATO members and enhances regional security.
Why is there a recession risk in the US economy?
Global investment banks have increased their recession risk estimates for the US due to the economic policies implemented under the Trump administration, particularly tariffs that impact trade dynamics. Such policies may disrupt international supply chains, increase costs for businesses, and adversely affect economic stability, leading to potential recessions.
What could happen to US GDP if mass deportations occur?
The proposed large-scale deportations in the US may lead to an 8% decline in GDP. This scenario underscores the extensive economic contributions of immigrant communities, whose labor and consumption are integral to various sectors. Reducing this demographic could shrink the workforce, decrease consumption, and stifle economic growth significantly.
News GDP
Ukraine’s defense spending rose by 20% to $84 billion, - SIPRI In 2025, Ukraine’s military spending rose to $84.1 billion, ranking it seventh in the world and first in terms of percentage of GDP, according to SIPRI. 1 291 7 Previously in trend: Defense expenditures
In 10 years, Ukraine’s GDP could exceed Russia’s GDP if everything is done right, - Rubio US Secretary of State Marco Rubio suggests that Ukraine's GDP could exceed Russia's GDP in 10 years. 3 452 47 Previously in trend: Peace agreement on ceasefire
Ukrainian refugees generate 2.7% of Poland’s GDP and contribute to economic growth - UN Ukrainians in Poland have made a significant contribution to the country's economic growth and have not harmed the local labor market. 2 634 19 Previously in trend: Ukrainian refugees
NATO discusses new defense spending target of 5% of GDP, including to help Ukraine NATO is negotiating a new defense spending target of 5% of GDP. 522 2 Previously in trend: NATO defense spending
Recession risk rises: Global investment banks downgrade US economic outlook amid Trump tariffs The world's largest investment banks and think tanks have sharply increased their estimates of the likelihood of a recession in the United States due to actions taken by the administration of Donald Trump. 114 0
Large-scale deportation of illegal migrants will reduce US GDP by 8% - Bloomberg The mass deportation of illegal migrants proposed by US President Donald Trump could lead to an 8% reduction in the country's GDP. 4 391 66
Under negative scenario, war will last until 2026 - IMF The IMF has updated its negative scenario for Ukraine: the war will last until mid-2026. 7 622 58
Ukraine’s GDP growth accelerated due to early start of harvesting - Ministry of Economy Ukraine's GDP growth in July 2024 compared to July last year amounted to 2.7%, which is better than the June figure of 1.1%, but worse than the May and April figures of 3.7% and 4.3%, accordingly. 68 0
Five Allies to spend more than 3% of GDP on defence this year Poland, Estonia, the United States, Latvia, and Greece will spend more than 3% of their GDP on defence in 2024, while the target spending rate is 2% of GDP. 1 188 2
In 2023, economy of Ukraine demonstrated certain resistance to war: GDP growth was 4.6%, - UN report In 2023, Ukraine’s economy showed a slight recovery - GDP growth amounted to 4.6% after a previous drop of 29.1%. 701 4 Previously in trend: War
Economy growth will accelerate to almost 5% in 2023, - Marchenko During the year, the economy of Ukraine demonstrated stability. GDP is forecast to grow to 4.7% after last year’s drop of 29.1%. 1 729 18
Economy is revving up, real GDP will not fall this year, - NBU forecast In 2022, the real GDP of Ukraine decreased by 29.1%. This is the largest annual decline in the economy in the entire history of the country. But growth is expected already this year. 3 496 74
Direct losses from war with Russian Federation - 2/3 of pre-war GDP of Ukraine, - NBU Direct losses of material assets and infrastructure of Ukraine from the war with the Russian Federation amount to approximately 140 billion US dollars, that is, about 2/3 of the country’s pre-war GDP. 2 445 34 Previously in trend: War
Fall in Ukraine’s GDP slowed down thanks to improvement of energy sector, - Svyrydenko The fall in the gross domestic product (GDP) of Ukraine in February 2023 amounted to 26% (2%), which is better than the indicator of January - 32% (2%). 1 003 11 Previously in trend: War
Unlocking ports for metal export will be boost to GDP growth, - Kalenkov Ukraine seeks to expand the export agreement by adding metal products to the range of cargo sent through seaports. 1 296 13
Ukraine’s economy shrank by 30.4%. This is biggest drop since independence, - Ministry of Economy In 2022, Ukraine’s GDP fell by 30.4% (2%). This is the largest reduction during the entire period of independence of Ukraine. 3 902 35
War caused damage to Ukraine for third of GDP, - Marchenko According to the estimates of the Ministry of Finance, economic losses from the war are expected at the level of 33-35% of the gross product of Ukraine. 1 305 10 Previously in trend: War
Russia’s invasion of Ukraine will cost tworld economy 2.8 trillion dollars, - OECD The world economy lost momentum after Russia’s aggressive war in Ukraine. The war slows growth and puts additional pressure on inflation around the world. 1 617 13 Previously in trend: Russian aggression against Ukraine War
In Cabinet of Ministers expect that in 2023 dollar exchange rate will reach 50 UAH, and inflation will be 30.6% - macro-forecast The government expects that in 2023 the dollar exchange rate will reach 50 UAH, and the consumer price index will be 30.6%. 11 121 82 Previously in trend: War
State Budget Deficit In 2022 Expected To Be 3.5%, Hryvnia Exchange Rate – 28.6-28.7 UAH/USD – Shmyhal Prime Minister Denys Shmyhal notes that the deficit of the state budget for 2022 is expected to be 3.5%, and the hryvnia exchange rate – 28.6-28.7 UAH/USD. 2 816 15 Previously in trend: Russian aggression against Ukraine 2022 budget
Untapped potential of using water, forest resources in Ukraine is $12 bln, $40 bln respectively – PM The unrealized potential of Ukraine in the use of water resources is estimated at $12 billion, while the potential of using forest resources is at $40 billion, Prime Minister Denys Shmyhal has said. 2 094 26
Ukraine's GDP will decline by 6% in 2020 - NBU Ukraine's gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU). 3 242 76
PM Shmyhal: Draft state budget for 2021 is optimal The draft state budget of Ukraine for 2021 takes into account the needs of the people and is likely to be implemented. 1 821 39 Previously in trend: Budget 2021
IMF projects drop in Ukraine's GDP to -7.7% due to coronavirus The International Monetary Fund (IMF) expects a serious drop in Ukraine's economic growth due to the coronavirus - down to -7.7% in 2020, according to the IMF's World Economic Outlook for April 2020. 2 932 68
PM Shmygal predicts Ukraine's economic decline by almost 5% by end of 2020 Prime Minister Denys Shmygal predicts that Ukraine's GDP will fall by 4.8% by the end of 2020. 3 589 126 Previously in trend: Anti-epidemic measures and restrictions
Dubilet proposes to link president's, PM's, speaker's bonuses to GDP growth Minister of the Cabinet of Ministers of Ukraine Dmytro Dubilet has said that the size of bonuses for Ukraine's president, prime minister and Verkhovna Rada chairman should be linked to GDP growth in the country. 3 728 57
Ukraine on verge of economic breakthrough – Zelenskyi Ukrainian President Volodymyr Zelenskyi is convinced that an economic breakthrough will happen in Ukraine in the near future, and key profile figures are evidence of this. 22 365 436
IMF predicts 2 percent GDP growth for Ukraine in 2017 The International Monetary Fund forecasts a 2 percent growth of Ukraine's gross domestic product (GDP), with inflation rate making 10 percent at the end of 2017. 7 160 65
Shock, not disaster, - German experts estimated losses to Ukraine’s economy caused by Donbas blockade The German advisory group working in Ukraine estimated losses incurred to the Ukrainian economy by the ban to transport goods across the demarcation line in the Donbas at 1.6 percent of the gross domestic product. 71 804 253 Previously in trend: Blockade of "DPR/LPR"
Hroisman forecasts 3 percent GDP growth in 2017: "Ukrainians will have jobs, wages will rise" Prime Minister Volodymyr Hroisman expects Ukraine's GDP to grow by more than 3 percent in 2017. 14 957 155
Ukraine's economy grew by 1.5 percent in 2016, - Hroisman Prime Minister Volodymyr Hroisman says the Ukrainian economy has shown a 1.5 percent growth in 2016. 6 965 103
Poroshenko: 5 percent of GDP in state budget-2017 must be allocated for defense President of Ukraine Petro Poroshenko underscores the importance of the security and defense sector in 2017. 5 001 58 Previously in trend: Budget 2017
GDP growth by three percent, more than eight percent inflation rate, and 27.2 hryvnia for USD, - Finance Ministry dwells on draft budget resolution-2017 The draft budget resolution for 2017, developed by the Ministry of Finance of Ukraine, envisages GDP growth by 3 percent with an inflation rate of 8.1 percent and the exchange rate of 27.2 hryvnia to one US Dollar. 11 575 51
"War can no longer justify economic crisis. We expect industrial production and GDP growth," - Poroshenko President of Ukraine Petro Poroshenko is looking forward to an economic growth in Ukraine in the near future. 43 764 236
Ukraine’s GDP plunges by 1.2 percent in Q4 2015, - State Statistics Service According to the latest update, Ukraine’s real gross domestic product has slumped by 1.2 percent in October-December 2015 compared to the same period in 2014 (at constant prices rate of 2010). 10 820 35
Ukraine's GDP in Q4 2015 increased by 2 percent, - Deputy Economy Minister Kovaliv According to the Ministry of Economic Development and Trade, Ukraine's gross domestic product rose by 2 percent in the last quarter of 2015. 6 646 65
MP Lutsenko: Ukraine lost half of economy, hryvnia to keep falling Chairman of Poroshenko Bloc parliamentary faction Yurii Lutsenko believes the hryvnia will continue to depreciate, and it is not to be blamed on the National Bank. 111 440 703 Previously in trend: Hryvnia Decline Russian aggression against Ukraine War
Ukraine passed bottom, its economy to start recovering though being far from sustained stability, - WB Country Director for Ukraine World Bank Country Director for Ukraine, Belarus, and Moldova Qimiao Fan told about prospects of the Ukrainian economy, potential risks, and positive factors. 22 702 92
Ukraine's economy dropped 2.4-fold deeper than envisioned by state budget, - Accounting Chamber of Ukraine The drop in Ukraine's real gross domestic product in January-September 2015 by 2.4 times exceeds the planned target of this year's state budget. 12 519 87
Turchynov expects NSDC to approve defense budget for 2016 in the amount of 5% of GDP Secretary of the National Security and Defense Council Oleksandr Turchynov expects the defense ministry budget for 2016 equal to 5 percent of the country’s gross domestic product to be approved at a meeting on Wednesday. 2 869 11
Ukraine's GDP to grow by two percent next year, Finance Minister says The government's forecast of 2% GDP growth in 2016 is realistic. 4 219 33
Abromavicius promises Ukraine's economy advances next year: "We'll have at least 2 percent growth" Minister of Economic Development and Trade Aivaras Abromavicius expects Ukraine’s economy to grow by 2 percent in 2016. 4 724 45
Inflation in Ukraine to hit 46% in 2015, – NBU Head Hontareva Head of the National Bank of Ukraine Valeriia Hontareva voiced her forecast for inflation in 2015-2016. 23 998 162
S&P upgraded Ukraine's foreign currency sovereign ratings International rating agency Standard & Poor's has upgraded Ukraine's long-term and short-term foreign currency sovereign ratings to "B-/B" from "SD/D" (selective default). 15 213 122
Russia's industrial production contracted by 4.7 per cent last month, - Financial Times Industrial production in Russia contracted by 4.7 per cent in July, according to figures released on Monday. 27 669 352 Previously in trend: Economic disaster
Ukraine's economy slumped by almost 15 percent in Q22015 - State Statistics Service According to latest data, the real gross domestic product shrunk by 14.7 percent in April-June 2015 compared to the same period in 2014 (in comparable prices of 2010). 21 279 277
Russians named most ineffective workers in Europe According to experts of the Organization for Economic Cooperation and Development (OECD), one of the reasons for decline of the Russian economy is a low labor productivity. 93 363 1 096 Previously in trend: Economic disaster
Ukraine's GDP to double in 15 years, - Abromavicius presented Ukraine's economic strategy Abromavicius believes Ukraine's GDP has to double in 15 years, provided its annual growth makes 4,5%. 12 283 222
Page 1 of 2
more news
