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Labour shortages remained the top business challenge during the war and intensified in May

Despite maintaining operational resilience, Ukrainian businesses' medium-term expectations weakened in April 2026

According to Ukrstat, real GDP declined by 0.5% yoy in Q1 2026

Ukraine’s business sector remains operationally resilient, but medium-term expectations have weakened

The economic outlook remains mixed: medium- and long-term expectations are deteriorating, while short-term expectations continue to improve

According to IER estimates, real GDP declined by 0.6% year-on-year in the first quarter