In general, for the current year, the forecast for the collapse of the Ukrainian economy worsened to 33.2%, said Denis Kudin.
As a result of missile strikes by the aggressor country Russia on Ukraine’s energy facilities, the rate of economic decline in November increased to around 41%. Such data was announced by the first successor to the Minister of Economy Denis Kudin, reports Interfax-Ukraine on Friday, December 9.
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“Our expectations for November are minus 41%. This is significantly deeper than what we predicted before,” he said during a discussion at the Center for Economic Strategy (CES).
Kudin also noted that overall for this year the forecast for the fall in GDP worsened to 33.2% from 32%.
“Our forecast is minus 33.2%. We made it slightly worse because of the attacks on the energy system after November 23 and December 5,” he said.
A month earlier, the First Deputy Prime Minister – Minister of Economy Yulia Sviridenko said that the Russian shelling in October increased the fall of GDP to 39% in October 2021, which is worse than the 35% in September- August.
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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.