Page 36 - UKRRptJul20

“As ​we expected​, the decline in imports outpaced the exports decline in May. However, the plunge in goods exports was severe amid depressed global demand from the corona crisis,” Evgeniya Akhtyrko of Concorde Capital said in a note. “Ukraine’s external trade will remain sluggish in June, but we are likely to see less severe declines both in imports and exports, as the bleakest period of the corona crisis seems to be over for Ukraine’s major trading partners. Meanwhile, we do not see factors that would result in Ukraine’s C/A switching to a deficit in the nearest months.”
36​ UKRAINE Country Report​ July 2020 ​ ​www.intellinews.com