Page 18 - UKRRptMar21

3.0​ ​Macro Economy
3.1 ​Macroeconomic overview
Ukraine’s economic activity in the fourth quarter of last year was only down 1% y/y, far better than the forecast drop of 3%, ​Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 Coronavirus: Challenges and Responses Forum in Kyiv. “Currently, the conditions for economic recovery, in principle, are quite favourable,” he said. “Our forecast for 2021 - an increase of 4.6% - we retain unchanged and [see as] quite likely.”
Ukraine’s economy will rebound sharply to 10% growth y/y in the second quarter of 2021​, breaking five successive quarters of decline, according to a Reuters poll of 12 Ukrainian analysts. The median forecast of analysts has the
18​ UKRAINE Country Report​ March 2021 ​ ​www.intellinews.com