Ukraine’s GDP decreased by 11.4% in Q2 2020 – State Statistics Service

Compared to the first quarter of 2020, Ukraine’s GDP in the second quarter of this year fell by 9.9% (seasonally adjusted).

As Ukrinform reported, the Ministry of Economic Development, Trade, and Agriculture believes that a 4.8% reduction in Ukraine's GDP in 2020 looks quite realistic. On August 10, the Economy Ministry published a consensus forecast on the topic 'The impact of COVID-19 on the economy and society - post-pandemic development', according to which GDP is expected to fall by 6% this year.

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