International
20:57 28 November 2021
Post by: WBJ

Ukraine with the highest GDP ever

Ukraine with the highest GDP ever
Source: Photo by Tina Hartung on Unsplash

Ukraine's dollar-denominated GDP has never been so high. This year, the economy of our neighbors will end at a record level and its value will amount to approximately $195 billion. A relatively strong currency is also a help for good results. The hryvnia is doing better this year than even the Polish zloty. And this, in turn, means that the wages of Ukrainian workers in Poland, expressed in terms of their currency, are falling.

"Our goal is to ensure the stability of the main indicators: GDP growth, increase in foreign exchange reserves, limit inflation within acceptable limits. We also strive to bring the business climate in Ukraine to the best world standards," Julia Svrydenko, Ukrainian economy minister, said.

The head of the Ukrainian economy ministry has announced that the government intends to make significant investments next year, which will certainly contribute to even greater GDP growth. We are talking here about the great program of thermal modernization of buildings, but also the renovation of irrigation systems in the south of the country, which will certainly help agriculture. There is also much talk in Ukraine about further supporting exporters and supporting citizens in taking out cheap mortgage loans.

On the other hand, investors are still concerned about the geopolitical situation and the security of Ukraine's borders. This is the result of the talks between the ministers and these circles.

(Business Insider

gdp
ukraine
julia svrydenko

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