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Ukraine’s economy may shrink 5% in 2023 if war lasts: Dragon Capital
Journal Staff Report

KYIV, Jan 20 – After falling by about 30% in 2022, the Ukrainian economy may lose from zero to 5% this year if the hot phase of the war continues until the third quarter, but next year its growth will exceed 10%, founder and head of Dragon Capital investment company Tomas Fiala gave such a macro forecast.

"We expect a drop from 0 to 5%, because the first two months of last year were still pre-war. Plus, we expect problems with electricity in the first half of the year. We have included in the economic forecast that the war will slow down from the third quarter. Let's see if this is optimistic," he said during the annual discussion "Ukraine and the world ahead of 2023" organized by NV.




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