Ukraine's gross domestic product (GDP) is still 20% less than 2021 levels. At the same time, economic recovery has slowed down. This was reported by the Center for Economic Strategy Telegram.
" Based on the results of 2024, growth is expected to reach 4% year-on-year,” experts said..
According to analysts, economic recovery is slowing down. Every quarter of 2024, growth relative to 2021 was lower than in 2023.
“The economic recovery continues to be hampered by a difficult security situation, a shortage of skilled workers and Russian attacks on energy infrastructure.. In addition, in 2023, the best indicators of GDP recovery were facilitated by a low comparison base after the fall in 2022 and a rapid increase in government spending, which in 2024 was most likely a wartime norm,” the experts concluded.
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It was reported that if active hostilities continue throughout the year, Ukraine's GDP growth in 2025 will drop to 2% versus 3.2% in 2024.