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GISMETEO.RU
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Ukraine’s economy likely to shrink 35% on year in 2022, ministry says
Journal Staff Report

KYIV, Aug 26 – The Ministry of Economy expects a decline in GDP of at least 30-35% in 2022, and for the next year it has developed four macroeconomic scenarios, which, depending on the conditions, give from 0.4% further decline to 15.5% of economic growth, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko has reported.

"In cooperation with the Ministry of Finance, the National Bank of Ukraine, and the expert community, we have formed four possible scenarios – depending on the conditionally probable scenarios for the development of events at the front, the duration of the war, or at least different intensity and geographical coverage, and the speed of recovery processes, taking into account the volume of international donor aid, investment, etc.," she wrote in a Focus column.




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