It is “absolutely obvious” that the macro forecast must be revised and corrected, Yulia Sviridenko noted.
The Ministry of Economy was forced to go back on its original forecast of a 32-33.5% drop in Ukraine’s real gross domestic product this year due to Russia’s attack on its energy infrastructure. This is what First Deputy Prime Minister – Minister of Economy Yulia Sviridenko said in a briefing on Friday, December 2.
According to him, it is “absolutely obvious” that the macro forecast must be changed and corrected.
“At the beginning of the year, we thought that the economy would fall to the level of 32-33%. Then the economy showed a very high flexibility. But, because of the attack on the energy system that occurred in November, of course, some businesses have suspended their activities. This indicates that we, as the Ministry of Economy, have somewhat worsened our prospects and, unfortunately, returned to our previous forecast: by the end of the year, the fall in GDP will maybe 32-33%, even 33.5%,” Sviridenko said.
He suggested that colleagues from the National Bank agree with this.
Recall that in November, Sviridenko announced a fall in GDP of 39% in October. Then he also named Russia’s massive missile attack as the reason for a sharp decline.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.