Page 20 - UKRRptNov22

3.0 Macro Economy
3.1 Macroeconomic overview
Ukraine's GDP fell by 30% over three quarters. According to the results of the nine full months of 2022, the fall in Ukraine’s GDP is estimated at 30%, according to the Ministry of Economy. However, in September, the decline in GDP is estimated to be 35% (±2%).
Among the positive economic factors last month, transportation dynamics improved, both by sea and rail. In September, exports in monetary terms grew by more than 23% compared to August. Repairs and construction of infrastructure facilities, border roads and customs crossings damaged as a result of hostilities, as well as work to restore roads to function are also ongoing. Stabilisation of fuel prices was observed in September. This balanced the domestic market and helped reduce inflationary pressure on the economy. However, among the negative factors, weather has affected the harvest, along with the occupiers' actions.
20 UKRAINE Country Report November 2022 www.intellinews.com