German advisors estimate losses of Ukrainian economy due to Donbas blockade at 1.6% of GDP

German advisors estimate losses of Ukrainian economy due to Donbas blockade at 1.6% of GDP

1029
Ukrinform
The blockade of the movement of goods across the demarcation line in eastern Ukraine has caused about 1.6% of GDP in losses to the Ukrainian economy.

Ricardo Giucci, Leader of the German Advisory Group Ukraine, said this in the commentary to DW.

"We have calculated that the uncontrolled areas now produce 1.6% of Ukraine's GDP," Giucci said.

The blockade will affect the steel production and the electric power industry, he said.

As the German economist emphasized, "from a macroeconomic perspective, this is, undoubtedly, a shock for the country," otherwise the IMF would not delay the allocation of next tranche under the EFF program. At the same time, Giucci added, "it is not a disaster."

ol

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-