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externalEconomy Minister: Recession in Ukraine more dramatic than expected.

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by The Kyiv Independent news deskNovember 10, 2022 12:55 am

Due to the destruction of civilian infrastructure by Russia, Ukraine’s gross domestic product will likely fall by 39% year-on-year in 2022, compared to the previous forecast of 35%, Economy Minister Yulia Svyrydenko told Die Zeit. As a response to the recession, Kyiv is taking steps to downsize the government, she said. Svyrydenko also said that she is exploring the possibility of privatizing small state-owned companies.

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The Kyiv Independent news desk
The Kyiv Independent news desk

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