Page 17 - UKRRptMay21

3.0 Macro Economy
3.1 Macroeconomic overview
Ukraine’s economy contracted by 2.8% in January and February, compared to the first two months of last year, estimated the Ministry of Economic Development and Trade. Except for retail trade, all sectors were down. Consensus forecasts put Ukraine’s 2021 GDP growth at 4%. These forecasts were made before the April coronavirus lockdown in Kyiv and half of the regions. War jitters about Russia’s military threats also may dampen
17 UKRAINE Country Report May 2021 www.intellinews.com