Ukraine to reach GDP level of 2013 in next 3-4 years - ministry

Ukraine to reach GDP level of 2013 in next 3-4 years - ministry

Ukraine will reach the GDP level of 2013 in the next three to four years, Ukrainian Deputy Minister for Economic Development and Trade Mykhailo Titarchuk has said. 

He stated this in an interview with Ukrinform. 

"In fact, as for the loss of GDP in 2014, this figure is 15.75%. We understand the reasons - Donbas, temporary loss of the Autonomous Republic of Crimea. However, we calculated two scenarios, such as returning at least to the GDP level of 2013. In principle, it is possible in the next three to four years," he said.

Titarchuk added that according to the first "budget" scenario it is possible in 2021 and according to the second one - in 2020.

He noted that the reforms that are now being conducted by the authorities cannot show the desired result in the first year. 


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