According to the International Monetary Fund, as a result of the war, Ukraine will lose up to 35% of GDP, Vladislav Rashkovan, Deputy Director of Ukraine at the IMF, said in an interview with NV.
“Based on such military conflicts, the IMF has a methodology for calculating preliminary losses, according to which Ukraine will lose up to 35% of GDP, but this is based on the current situation and the dynamics of the last few days, when we do not have the highest intensity of shelling and there is a negotiation process that.
He added that for more accurate forecasts, you need to stabilize and understand when the end point of the war will come..
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He noted that a certain stabilization is also added by the statement of the Ukrainian authorities to continue servicing the country's external debt..
“I think this decision is absolutely correct. All international investors have already positively assessed that Ukraine is paying its debts, I am sure that this will pay off handsomely after the crisis and the end of the war. In general, the situation with the Ukrainian economy today is far from tragic,” Rashkovan said..
In 2021, Ukraine's GDP grew by 3.4% after a decline of 3.8% in 2020, and its nominal volume amounted to almost $200 billion. At the same time, inflation increased to 10% last year compared to 5% a year earlier.. Despite the sanctions, every day of the war costs much more for Ukraine than for Russia, so the government’s key task now is to create an effective function for redistributing central budget funds to the economy.
Why it is necessary to move from the philosophy of “we import everything we can from abroad” to “we produce everything that is needed in Ukraine” read in the article by Mikhail Brno-Hanriyan “What is our plan “B” in case the war drags on”.
To understand what is happening with the securities market in Russia and what will happen to the country further in the article by Alexander Koshevoy “The economy of the Russian Federation turned out to be a soap bubble that is bursting before our eyes”.