Latvia: OECD predicts 8.1% GDP decline in 2020

The latest outlook of the Organisation for Economic Co-operation and Development (OECD), published on June 10, predicts an 8.1% GDP decline for Latvia. At the same time, according to OECD’s latest estimates, next year Latvia’s economy will increase by 6.3%. In previous outlooks, published in November 2019, OECD estimated Latvia’s GDP might grow by 2.3%…

Ukraine: capital investment down in Q1 2020

Capital investment in Ukraine in January-March fell by 35.5% after growing by 21.2% in the fourth quarter of last year, the State Statistics Service reported. In the first quarter of this year, UAH 76.914 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, Sevastopol and the territories of Luhansk and Donetsk regions). Among…

Ukraine: unemployment rate growing rapidly

Ukraine is not the only country that has faced rising unemployment. As of June 1, over 510,000 unemployed have been officially registered in Ukraine, according to the State Service. However, the actual number of unemployed in May was about 2.5-2.8 million. Moreover, the number of officially unemployed has doubled since quarantine start. Europe is also…