NBU: Ukraine's economy is growing despite the war, inflation is slowing down.

According to inkorr.com: The National Bank of Ukraine has published its conclusions about the economic situation during the war in the analytical review 'Simply about the economy'.

Economic recovery

According to the NBU, the Ukrainian economy is gradually recovering despite military difficulties. In the first half of this year, the country's real GDP grew by approximately 1% each quarter. An important signal is international cooperation: Ukraine expects to receive a record external aid of 54 billion dollars.

Inflation indicators

The decrease in inflation corresponds to expectations

The inflation processes are developing according to forecasts. In June, the inflation rate was 14.3% per annum, and in July it decreased to 14.1%. The NBU forecasts further reduction of this indicator: less than 10% by the end of the year, less than 7% next year, and a return to the target level of 5% by 2027.

Stability of the currency market

The exchange rate of the hryvnia remains unchanged

The National Bank is actively working on the stability of the currency market, preventing significant fluctuations in the exchange rate of the hryvnia. The central bank aims to curb the demand for foreign currency, encouraging Ukrainians' interest in hryvnia savings.

Hryvnia deposits

Hryvnia deposits as protection against inflation

In order to protect deposits from inflation, the NBU keeps the discount rate at 15.5%. This allows banks to offer attractive hryvnia deposits. The annual growth of deposits is 13-16%, providing a real income of 10-12% after taxation.

Further forecasts

According to the NBU's estimates, the pace of economic recovery will depend on the situation at the front. If the circumstances remain tense, the real GDP growth may be 2-3% per year.

The National Bank of Ukraine emphasized the gradual recovery of the country's economy during the war, highlighting the main factors for successful development: international support, stabilization of inflation, stability of the currency market, and favorable conditions for protection against inflation. These aspects play a key role in the economic recovery and will support Ukrainians during difficult times.