The adaptability that Ukrainian business has shown during the full-scale Russian invasion has allowed the country to decrease the predicted fall in GDP from 50% to 32% by the end of the year, Minister of Economic Development and Trade Yulia Svyrydenko said on Ukrainian television on Dec. 27. She noted that continued economic growth depends on the … Read more
Real gross domestic product (GDP) of Ukraine in the third quarter of 2022 fell by 30.8% compared to the third quarter of 2021 after falling by 37.2% in the second quarter and 15.1% in the first of this year , such an operational assessment was published by the State Statistics Service on Friday. According to … Read more
The World Bank has raised its forecast for the growth of Ukraine’s gross domestic product in 2023 from 2.1% to 3.3%, according to the Economic Update published on Tuesday. According to the report, the assessment of the economy this year has also been improved: if in June the World Bank expected a fall of 45.1% … Read more
The damage caused to Ukraine by the russian war has already exceeded the GDP of our country by 1.6 times. Prime Minister Denys Shmyhal said this at a conference call with the RMA heads. “The situation with losses is recorded as of June. According to this report, the need for funds is 349 billion dollars, … Read more
The Ministry of Finance expects a fall in Ukraine’s GDP in 2022 ranging from 35% to 50%, Finance Minister Serhiy Marchenko has said. “There may be a fall from 35% to 50% in the economy this year if we take one-year outlook. The National Bank announced 41% [a fall in GDP in 2022],” he said … Read more
Ukraine’s GDP in 2022 will fall by 45.1%, the World Bank predicts, recalling that before the Russian invasion, it expected the Ukrainian economy to grow by 3.2% this year. According to its Europe and Central Asia Economic Update amid the war unleashed by Russia and its consequences, in 2023 the Ukrainian economy is expected to … Read more
The Ukrainian economy is suffering greatly from the war unleashed by Russia, the decline in its GDP could be a third of what it was before the war, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said in a Foreign Policy Live discussion on Tuesday. The head of the IMF noted that the destruction of … Read more
The level of the shadow economy in Ukraine in January-September 2021 amounted to 31% of GDP, which is 1 p.p. less compared to the corresponding period in 2020, the Ministry of Economy said on its website, citing preliminary calculations. “According to the preliminary calculations of the Ministry of Economy, the level of the shadow economy … Read more
The growth of real gross domestic product (GDP) of Ukraine in 2021 amounted to 3.2%, First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko has said. She announced this during a meeting with companies of the European Business Association (EBA) on February 7. As the Ministry of Economy said on its website on Tuesday, Ukraine’s … Read more
The National Bank of Ukraine (NBU) has downgraded its estimate of the growth of the country’s gross domestic product (GDP) in 2021 from 3.1% to 3%, in 2022 – to 3.4% from 3.8%, the regulator said in an inflation report for January, posted on the official website. “The NBU has downgraded its forecast for Ukraine’s … Read more