16:49 4 August 2022
Ukrainian GDP may drop by 37.5% in Q3
Ukrainian GDP may fall by 37.5% at the end of this quarter, the Polish Economic Institute informed citing the National Bank of Ukraine. "A return to growth is possible in the second quarter of next year, which, however, will only be possible in the event of a ceasefire," PIE experts say.
Unemployment in Ukraine at the end of the year is expected to reach 35%, the highest value since 1991. PIE added that the war also contributed to the disruption of supply chains, shortages of goods after the destruction of warehouses, and increased inflation expectations of entrepreneurs and households.
(PAP)
