Macroeconomic situation in Ukraine remains stable amid global recession - Kovaliv

Macroeconomic situation in Ukraine remains stable amid global recession - Kovaliv

The macroeconomic situation in Ukraine remains stable despite the global recession in the world economy.

Deputy Head of the Ukrainian President’s Office Yulia Kovaliv stated this at the first annual international conference organized by UkraineInvest, an Ukrinform correspondent reports.

"Despite the global economic recession caused by COVID, the macroeconomic situation in Ukraine remains stable. We see the stability of the foreign currency, the stability of the financial market, we see historical low discount rates set by the National Bank, and we see low inflation rates. As compared with other global crises in 2008, 2014-15, in fact, this year is relatively calm and stable in terms of the financial market," she said.

Kovaliv noted that this year, probably the biggest focus of the government was on the healthcare system and anti-epidemiological measures. However, the government managed to maintain macroeconomic stability. She stressed that the government, the parliament, the president, the team of the President's Office, business representatives and international partners have united "to ensure healthcare and the situation in the economy".

In addition, Kovaliv said that the agricultural sector remains one of the most powerful sectors of the economy, which develops and maintains high exports, foreign exchange earnings and macroeconomic stability.


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