The quarantine has hit the economy: experts have estimated the losses of Ukraine

The effects of stringent restrictions will affect the economic statistics for the second quarter

Recently, the state statistics service published preliminary data on the GDP for the first quarter of 2020. This figure was below zero, that is, the economy slowed down. Compared to the fourth quarter of 2019, a decline of 0.8%, and compared to the first quarter of 2019 and 1.5%.

The data for the entire “quarantine” April in these statistics were not taken into account. Because of this, the decrease of the main economic indicator will not stop and the results of the second quarter of 2020 and will be about 10% in annual terms. Such data are published on his page in Facebook the head of Department of macroeconomic researches of the ICU group Serhiy Nikolaichuk.