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For Ukraine, 2022 was exactly the most difficult in a long time, but if it were ...

The most difficult year: the government rated the crisis in the economy because of the war with the Russian Federation

For Ukraine, 2022 was exactly the most difficult in a long time, but if it were not for the Armed Forces on the battlefield and active financial support from international partners, the crisis in the economy would be much larger. The internal gross product of Ukraine (GDP) decreased by 30. 4%in 2022. The same level of fall was predicted by the NBU and the government in their previous forecasts, the press service of the Ministry of Economy reports.

The department noted that in 2022 the Ukrainian economy suffered the largest loss in the history of independence. The reason: the full -scale invasion of Russia into Ukraine, which began on February 24, 2022 and continues. At the same time, in December, the fall of GDP, according to the Ministry of Economy, was 34%, which is somewhat better than estimates for November (the fall of GDP was 37%). According to the IV quarter, the fall is estimated at the level of 35.

5%, given a certain stabilization of the energy supply situation after shelling in November. "However, further terrorist missile attacks from the Russian Federation were not critical, but damage (in particular, energy infrastructure), which continued to put pressure on the mood of business and its activity," the message said. In November 2021, the Verkhovna Rada approved the project of the Law on the State Budget of Ukraine for 2022.

The main indicators in the document were as follows: as a result of the state budget expenditures in 2022, the war amounted to UAH 387 billion, and the state budget revenues amounted to UAH 243 billion (9 months 2022). In this case, inflation was 29. 5%. Gross domestic product reflects the market value of all final goods and services that have been produced in all sectors of the economy throughout the year. The gross product indicates the "cost" of the economy, and even how it develops or degrades.

Meanwhile, the International Monetary Fund (IMF) warns that in 2023 a third of the world economy will face recession. According to the IMF Chief Christina Georgieva, the United States Economics, the EU and China are reducing growth rates at the same time, but the United States can avoid a deep crisis due to low unemployment.