{"id":28373,"date":"2024-05-14T16:31:37","date_gmt":"2024-05-14T13:31:37","guid":{"rendered":"https:\/\/ces.org.ua\/?p=28373"},"modified":"2026-04-20T16:41:28","modified_gmt":"2026-04-20T13:41:28","slug":"economic-review-in-april-2024","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/economic-review-in-april-2024\/","title":{"rendered":"Economic review in April 2024. How is the economy of Kharkiv transforming?"},"content":{"rendered":"<p style=\"text-align: justify;\">Since March 2022, the Centre for Economic Strategy (CES), together with the German Economic Team (GET), has been preparing monthly reviews of Ukraine\u2019s economy during a full-scale war. All notes can be found\u00a0<a href=\"https:\/\/ces.org.ua\/en\/category\/research-list-en\/economy-during-the-war-en\/\"><span class=\"s1\">under the link.<\/span><\/a><\/p>\n<p style=\"text-align: justify;\">Executive summary:<\/p>\n<ul style=\"text-align: justify;\">\n<li><b>Special topic. <\/b>Kharkiv faces urgent need for bolstered air defense to safeguard critical infrastructure, restore business activity, and protect its populace, amid mounting concerns over a potential new Russian advance from the region&#8217;s north.<\/li>\n<li><b>Macroeconomic trends: <\/b>In 2024, Ukraine GDP will increase by 3.0% y-o-y according to a forecast published by the NBU \u2014 a deterioration from the previous forecast (3.6% y-o-y in 2024). Business expectations continued to be positive in April, despite Russian shelling of energy infrastructure<\/li>\n<li><b>Sectoral analysis: <\/b>Russian missile attacks put Ukraine&#8217;s energy system on the brink of survival. Steel production, agricultural exports hit wartime highs; IT services exports recovered after seasonal decline.<\/li>\n<li><b>Monetary, FX, and Banking sector: <\/b>Inflation remained stable in April at 3.2%, and key rate policy was decreased. International reserves remained at high level, while hryvnia continued to devaluate. March was marked by slow deposits and loans growth and optimistic forecasts.<\/li>\n<li><b>Fiscal sector: <\/b>In April, Ukraine received $1.7 bn of foreign financing, an expected drop after a record-high amount in March. March expenses continued to rebound on stronger external financing; in April, all tax revenues (except for CIT, which is paid on a quarterly basis) increased.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/GoJhqUqKJuk?si=hs56yookd54ZFNiS\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: justify;\">You can also access the visualization of monthly highlights through our regularly updated\u00a0<a href=\"https:\/\/ces.org.ua\/en\/tracker-economy-during-the-war\/\"><span class=\"s1\">Ukraine War Economy Tracker<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since March 2022, the Centre for Economic Strategy (CES), together with the German Economic Team (GET), has been preparing monthly reviews of Ukraine\u2019s economy during a full-scale war. All notes can be found\u00a0under the link. Executive summary: Special topic. Kharkiv faces urgent need for bolstered air defense to safeguard critical infrastructure, restore business activity, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[492,197,143],"tags":[610,696],"experts":[464,513,462,478,457],"news_type":[140],"class_list":["post-28373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-during-the-war-en","category-research-list-en","category-home-news-en","tag-war-economy-en","tag-monthly-economic-reviews","experts-yurii-gaidai-en","experts-volodymyr-landa","experts-maksym-samoiliuk-en","experts-mariia-tomilina","experts-viacheslav-nozdrin-en","news_type-researches"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/28373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=28373"}],"version-history":[{"count":2,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/28373\/revisions"}],"predecessor-version":[{"id":42472,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/28373\/revisions\/42472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/28362"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=28373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=28373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=28373"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=28373"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=28373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}