Ukraine's economy contracts amid Russian attacks as central bank cuts forecast

FinanceInternationalEl TiempoNov 7, 2026, 11:43 AMAI summary

Ukraine's economy is heading for its first contraction since 2022: GDP fell 0.7% year-on-year in the third quarter and the National Bank of Ukraine expects a 0.4% decline this year, after lowering its previous growth forecast of 1.8%. The central bank attributes the deterioration to attacks on energy infrastructure, the blockade of ports and damage to agriculture and metallurgy. For 2027 it expects a 0.4% recovery if the ports are unblocked.

In 40 seconds

Ukrainian GDP fell 0.7% year-on-year in the third quarter and the central bank expects a 0.4% contraction this year.
The National Bank of Ukraine cut its 1.8% growth forecast due to attacks on energy infrastructure and the port blockade.
For 2027 the central bank projects a 0.4% recovery, conditional on ports reopening and exports resuming.

Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

Ucrania
PIB
banco central
guerra
macroeconomía

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Ukraine's economy contracts amid Russian attacks as central bank cuts forecast

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Colombia's inflation falls to 4.8% in October, a four-year low

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