Page 22 - UKRRptSept21

3.0 Macro Economy
3.1 Macroeconomic overview
Ukraine’s economy fell back into recession in the second quarter of this year as the fallout from the pandemic and soaring inflation that caused the National Bank of Ukraine (NBU) to dramatically hike interest rates start to weigh on growth.
GDP shrank by a seasonally adjusted 0.8% q/q in the second quarter after falling 1.2% q/q in the previous three months, preliminary data released by
22 UKRAINE Country Report September 2021 www.intellinews.com