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The Ministry of Economy estimated a fall in GDP by the end of the year

Photo: Press Service of the President of Ukraine

A very important task is to maintain economic stability and macro-stability, said Yulia Sviridenko.

In the remaining months of 2022, Ukraine’s real gross domestic product (GDP) will continue to decline amid ongoing conflict. This is what First Deputy Prime Minister – Minister of Economy Yulia Sviridenko said, Interfax-Ukraine reports on Friday, August 19.

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“According to our calculations, according to the macro forecasts made by the Ministry of Economy, the reduction of the economy at the end of the year could be at the level of 35-40%,” he said on the air of the national telethon. .

Sviridenko emphasized that in addition to success in the military field, in the economic field, a very important task is to maintain economic stability and macro stability and find ways to stimulate economic activity in the state.

“If we are talking about this path, we must help those businesses that have already worked, have staff and sales markets, and have been able to reorganize in the last six months so that they can continue to work actively,” the head of the Ministry. said Economy.

According to him, in addition to the micro-grant program and the work of the Government, changes to the 5-7-9 program were developed so that businesses in front-line areas whose properties were destroyed would have a chance to get a loan and recover.

It will be remembered that in the first quarter of 2022, the GDP of Ukraine decreased by 16% compared to the same period last year. And in the second quarter – by 40%.

The National Bank believes that Ukraine is waiting for the biggest drop in GDP in history. According to the base scenario, this year the economy will fall by 33.4%.

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Source: korrespondent

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