In 2019, Ukraine enjoyed a wonderful economic recovery. Finally, the National Bank (NBU) managed to drive down a stubborn inflation rate of 10 percent a year to 2.4 percent, which allowed it to cut its interest rate from 18 percent in June 2019 to the current 11.5 percent. The government maintained a moderate budget deficit of 2 percent of GDP, and the current account deficit was only 3 percent of GDP, which was more than covered by remittances.

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