{"id":31058,"date":"2024-11-15T16:22:21","date_gmt":"2024-11-15T13:22:21","guid":{"rendered":"https:\/\/ces.org.ua\/?p=31058"},"modified":"2026-04-20T16:38:19","modified_gmt":"2026-04-20T13:38:19","slug":"economic-review-in-october","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/economic-review-in-october\/","title":{"rendered":"Economic review in October 2024. How close are we to the EU? Overview of economic reforms over the past year"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/5Ui1tFOagNs?si=Ugr0jZhHaIPjY_G8\" width=\"760\" height=\"415\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<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. \u00a0All 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<ul>\n<li style=\"text-align: justify;\"><b>Macroeconomic trends: <\/b>Ukraine\u2019s GDP is forecasted to increase by 4.0% in 2024 according to the latest NBU forecast published in the Inflation Report \u2014 up from 3.7% in the previous forecast. Business expectations improved in October. Sentiment improved in the services sector but deteriorated in all other surveyed sectors.<\/li>\n<li style=\"text-align: justify;\"><b>Fiscal sector: <\/b>Tax revenues growth trend continued in October. State defence spending stayed level and foreign military support increased. Ukraine has received more than $100 bn of foreign financing since 24 February 2022.<\/li>\n<li style=\"text-align: justify;\"><b>Monetary, FX, and Banking sector: <\/b>Inflation accelerated to 9.7%, and key rate policy remained the same \u2013 13%. International reserves declined, but hryvnia stayed relatively stable. Household deposits on demand and hryvnia loans continued to demonstrate growth.<\/li>\n<li style=\"text-align: justify;\"><b>Sectoral analysis: <\/b>Ukraine starts the heating season by reducing electricity imports. High season for Ukrainian agri exports started in October, and grain and oilseeds exports expectedly increased by 32%. Steel production on 8-month low but still higher than in 2023. IT exports slightly rebounded after a wartime low and stayed over $500m per month.<\/li>\n<li style=\"text-align: justify;\"><b>Special topic: <\/b>European integration of Ukraine. According to Ukraine Enlargement report, Ukraine made limited progress in 2024. Ukraine has implemented numerous economic reforms, which have a profound effect on economic resilience. Ukraine\u2019s accession negotiations have begun with the Fundamentals and will conclude with the Fundamentals.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff 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. \u00a0All notes can be found\u00a0under the link. Macroeconomic trends: Ukraine\u2019s GDP is forecasted to increase by 4.0% in 2024 according to the latest NBU forecast published [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[197,492,143],"tags":[564,610,696],"experts":[464,513,500,462,478],"news_type":[140],"class_list":["post-31058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-list-en","category-economy-during-the-war-en","category-home-news-en","tag-eurointegration-en","tag-war-economy-en","tag-monthly-economic-reviews","experts-yurii-gaidai-en","experts-volodymyr-landa","experts-yana-ohrimenko","experts-maksym-samoiliuk-en","experts-mariia-tomilina","news_type-researches"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/31058","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=31058"}],"version-history":[{"count":4,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/31058\/revisions"}],"predecessor-version":[{"id":31734,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/31058\/revisions\/31734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/34663"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=31058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=31058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=31058"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=31058"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=31058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}