In its quarterly Inflation Report for April 2023, the National Bank of Ukraine presented mid-term forecasts that testify to the improvement of macroeconomic indicators.
We have repeatedly pointed out that despite the crisis challenges and losses, the national economy demonstrates fairly quick adaptation to the new conditions. Moreover, although the national economy “easily” falls into the grip of a crisis, the recovery from post-crisis shocks will also be fast (albeit with losses), as witnessed by foreign trade indicators, being in the focus of this survey.
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