The easing of the quarantine contributes to the revival of business activity
National Bank has revised the forecast decline in real GDP in 2020due to coronarica from 5% to 6%. About it reports a press-service of the NBU.
“Deep drop left behind – in the second quarter. In the second half of 2020 economy began recovery”, – stated in the message.
The national Bank noted that easing of the quarantine contributes to the revival of business activity. To work full time, have returned most of the enterprises most affected during coronaries of the services sector. The situation on the labour market, although it remains worse than before the crisis, but shows signs of stabilizing.
Stimulating measures of the National Bank, credit holiday, tax incentives and expansion budget of unemployment assistance further support business activity and private consumption.