{"id":44852,"date":"2026-08-20T14:52:41","date_gmt":"2026-08-20T11:52:41","guid":{"rendered":"https:\/\/ces.org.ua\/?p=44852"},"modified":"2026-08-21T13:37:11","modified_gmt":"2026-08-21T10:37:11","slug":"august-economic-review-in-2026","status":"publish","type":"post","link":"https:\/\/ces.org.ua\/en\/august-economic-review-in-2026\/","title":{"rendered":"August Economic Review in 2026. How can Ukraine keep exporting?"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/nVIXaMopanA?si=zFaKzYIyCAlI837_\" 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>Since March 2022, the Centre for Economic Strategy (CES) has been preparing monthly reviews of Ukraine\u2019s economy during a full-scale war.\u00a0 The special topic of the August review is: <b>\u00abPorts under siege: How can Ukraine keep exporting?\u00bb.<\/b><\/p>\n<p>All previous reviews can be found under the\u00a0<a href=\"https:\/\/ces.org.ua\/en\/category\/research-list-en\/economy-during-the-war-en\/\"><b>link<\/b><\/a>.<\/p>\n<p>Key changes in the Ukrainian economy in August:<\/p>\n<ul>\n<li><b>Sectoral analysis:<\/b> In July, peak summer heat was managed without power outages, the harvest was bountiful, and business and consumer sentiment improved. However, economic activity slowed in August due to a series of russian attacks on production capacity and logistics infrastructure, as well as port blockages and EU restrictions on steel exports.<\/li>\n<li><b>Monetary sector: <\/b>Inflation in July 2026 reached 7.7% y-o-y, up from 7.2% in June, and 0.3% m-o-m. The key policy rate was increased to 15.5%. The new NBU forecast expects 10% inflation and 16% key policy rate by the end of 2026. Some currency restrictions targeting households were relaxed.<\/li>\n<li><b>Fiscal sector: <\/b>In July 2026, tax revenue shortfalls erased the entire first-half surplus. Spending fell short of the plan due to insufficient borrowing and grants. With most EU aid earmarked for weapons and a UAH 108 bn military pay scheme left unfunded, an autumn budget revision is inevitable.<\/li>\n<li><strong>Special topic:<\/strong> Blocked ports could result in a loss of 30 mln t of agrifood exports. Redirecting exports to alternative transport routes and providing government support for producers could partially mitigate these losses.<\/li>\n<\/ul>\n<p><b>See our report below for further details.<br \/>\n<\/b><br \/>\n<i>This event has been funded by the UK International Development from the UK government; however, the views expressed do not necessarily reflect the UK government\u2019s official policies.<\/i><b><br \/>\n<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeff Since March 2022, the Centre for Economic Strategy (CES) has been preparing monthly reviews of Ukraine\u2019s economy during a full-scale war.\u00a0 The special topic of the August review is: \u00abPorts under siege: How can Ukraine keep exporting?\u00bb. All previous reviews can be found under the\u00a0link. Key changes in the Ukrainian economy in August: Sectoral [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":44842,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[492,197,200],"tags":[597,696,700],"experts":[662,462,671,642,648],"news_type":[138,140],"class_list":["post-44852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-during-the-war-en","category-research-list-en","category-news-list-en","tag-agricultural-complex-en","tag-monthly-economic-reviews","tag-ekonomika-vijni","experts-nataliia_kolesnichenko-en","experts-maksym-samoiliuk-en","experts-daryna-romanchuk","experts-bohdan-slutskyi","experts-oleksandra-khovrak","news_type-press-release","news_type-researches"],"acf":[],"_links":{"self":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44852","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/comments?post=44852"}],"version-history":[{"count":5,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44852\/revisions"}],"predecessor-version":[{"id":44883,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/posts\/44852\/revisions\/44883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media\/44842"}],"wp:attachment":[{"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/media?parent=44852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/categories?post=44852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/tags?post=44852"},{"taxonomy":"experts","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/experts?post=44852"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/ces.org.ua\/en\/wp-json\/wp\/v2\/news_type?post=44852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}