Minister Marchenko: Ukraine’s GDP to cut by 33-35% due to Russian invasion

Minister Marchenko: Ukraine’s GDP to cut by 33-35% due to Russian invasion

Ukrinform
Ukraine’s economic losses are expected to reach 33-35% of gross domestic product (GDP) due to the war unleashed by Russia, according to the estimates of the Ukrainian Finance Ministry.

The relevant statement was made by Ukrainian Finance Minister Serhii Marchenko during a briefing at Ukraine Media Center, an Ukrinform correspondent reports.

“Our estimates coincide with the estimates of our international partners. Approximately, GDP losses will be 33-35%,” Marchenko told.

In his words, nominal GDP losses will exceed over UAH 1 trillion in 2022.

A reminder that, following three quarters of 2022, the reduction in Ukraine’s GDP was estimated at 30%.

mk

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 the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-