The fall of Ukraine’s economy in January-May 2020 year-over-year accelerated to 5.9% from 5% in January-April 2020, according to the economic policy review of the Ministry for Development of Economy, Trade and Agriculture released on July 9.
“The negative impact of the worldwide spread of COVID-19 and the influence of constraints that existed in previous periods restrained the development of most types of economic activity. According to the results of January-May 2020, the reduction in GDP was estimated by the Economy Ministry at 5.9%,” the ministry said in the document.
