Key View

• The impact of the Russia-Ukraine war on Ukraine’s domestic agricultural sector has been severe. Output of wheat and corn, both of which are major export products, has fallen by more than one-third in 2022/23 relative to 2021/22 levels, and we expect both to decline further in 2023/24, by 18.3% y-o-y and 17.6% y-o-y respectively.
• Give

Key View

• We have lifted our Ukrainian growth forecasts to reflect the positive impact of fewer electrical blackouts on economic activity.
• Following a 30.4% contraction in 2022, we expect Ukraine to record growth of 1.0% in 2023 (previous forecast 0.4%) and 3.4% in 2024 (previous forecast 2.4%).
• While we maintain our view that Ukraine’s

Key View

• We expect Humacyte will become a global leader in vascular trauma treatment through its one of a kind human acellular vessels.
• Use of Humacyte’s HAVs for injuries in Ukraine will drive FDA approval of the devices whilst supporting patient recovery
• Current regulatory approvals for Humacyte also put its human acellular vessels in

The Latest: Ukraine reached an agreement with the IMF on funding worth USD15.6bn on March 21. The landmark loan required the IMF to revise its lending rules, enabling it to provide loan programs to countries facing “exceptionally high uncertainty.” The new financing assurances policy will only apply if the country is experiencing "exogenous

Key View

• Bakhmut is not an operationally significant city and its occupation is unlikely to portend major Russian advances.
• Regardless of the outcome of the Battle of Bakhmut, Russia’s intention to capture the entirety of the Donbas region remains unrealistic.
• Even if Ukraine’s assessment that Russia is suffering disproportionately high

Key View

• We expect Ukraine to record a current account deficit equal to 6.0% of GDP in 2023, reflecting a second major contraction in goods exports. This follows an estimated surplus of 6.0% in 2022.
• The goods trade balance will remain in deep deficit for the remainder of our forecast period as the destruction of Ukraine’s productive

Key View

• We at Fitch Solutions now see Ukraine’s economy growing by 0.7% in 2023 (previous forecast: 1.8%) and 2.4% in 2024 (previous forecast: 2.9%). Minor rebounds follow an estimated contraction of 30.4% in 2022.
• Our downward revisions reflect the continued destruction of Ukraine’s industrial enterprises and critical infrastructure.
• We