Relief for the economy will begin in the third quarter, and in 2023-2025 a golden rain will fall on Ukraine - expert

29 May 2022, 20:52 | Economy
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Ukraine is experiencing the largest and most severe recession in the economy in the second quarter of 2022, but in the third and fourth quarters, the inevitable growth will begin, which in 2023-2025 will develop into a " This opinion was voiced by the well-known Ukrainian economist Mikhail Kukhar..

The expert clarified that this forecast is based on the assessment of military experts who expect that the war in Ukraine will last until the end of the year at most..

" The hardest is the second quarter. But then the resumption will begin, already in the third or fourth quarter. After the victory in Ukraine there will be an increase in prosperity. This will be especially noticeable from the beginning of 2023, as investments worth $200 billion will be attracted to restore the country,"

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According to the economist, the growth rates that we will have to endure in 2023, 2024, 2025 are comparable to the golden rain that has fallen on Ukraine.

" We did not have investments of more than 10-15 billion. 200 in three years - this is comparable to the best years of foreign investment, say in China, of course, nationwide. Ukraine has never seen such money, it cannot but lead to a fantastic increase in living standards and an irrationally high level of wages in Ukraine. I don’t know about the Poles, but the fact that the whole of Moldova will work on the Big Construction-2 for the restoration of Ukraine, I have no doubt about this,"

According to Mikhail Kukhar, Ukraine now has the most underestimated economy. And the next three years after the war - it will be just a fantastic example, which has not yet been in the history of Eastern Europe.



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As for the economic recovery in the third or fourth quarter of this year, this, according to the expert, is indicated by the latest business surveys.

" By the third month, 74% have already resumed or are thinking of resuming work. We see this in many indirect ways, for example, in retail trade turnover, which for Western Ukrainian regions is already higher than before the war, due to forced emigration,"

" But the $200 billion promised for this is encouraging.. Moreover, this is already chartered money in the form of Russia's gold and foreign exchange reserves,"




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