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GISMETEO.RU
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Ukraine’s economy likely to contract by third in 2022, then recover: NBU
Journal Staff Report

KYIV, April 14 - The Ukrainian economy will gradually recover, but real GDP may decline by at least a third in 2022, the National Bank said on Thursday.

According to the report, GDP reduction is expected in all components. Thus, private consumption will decrease due to the forced departure of many citizens from the country, rising unemployment, reduced incomes and savings on secondary expenses. Due to significant uncertainty and high risks, investment activity will also significantly decrease, the NBU points out.




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