Ukraine’s macroeconomic performance has continued to improve. The metallurgy and engineering industries have been the most successful, compensating for slower growth rates in the chemical and agricultural sectors.
Despite the gradual return to growth, the economy of Ukraine still faces many problems. The government’s low level of commitment to the implementation of reforms caused the International Monetary Fund to defer negotiations over the next tranche of loan funding until June or July.
Inflation is still growing. The government is yet to decide between free trade with the European Union and a customs union with Russia, Belarus and Kazakhstan.