Page 20 - UKRRptSept20

The decline in industrial production continues to slow down. However, the decline in metallurgy and manufacturing remains deep, and this significantly restrains the recovery.
Concord Capital improved its forecast of industrial output slightly and expect it to drop 6% y/y in 2020 (vs. a previously forecasted decline of 7% y/y).
4.2​ Inflation
The Ministry of Economic Development, Trade and Agriculture of Ukraine improved the inflation forecast for 2020 to 5.9% December over December​, while in the macroeconomic forecast approved in March, this indicator was at the level of 11.6%, according to the forecast of the socio-economic development of Ukraine for 2021-2023.
20​ UKRAINE Country Report​ September 2020 ​ ​www.intellinews.com