GDP falls against war: Ukraine was calculated how the economy is kept in early 2023
At the same time, the decrease in real GDP compared to the IV quarter of 2021 reached 31. 4%. The gross domestic product reflects the market value of all final goods and services that produced all sectors of the economy throughout the year. The gross product reflects the "cost" of the economy, and also how it develops or degrades. In February 2023, according to the Ministry of Economy estimates, the fall of GDP decreased by 26% (± 2%), which is better than January 32% (± 2%).
The ministry states that it happened against the background of increased economic activity. "In February 2023, economic activity was gradually restored due to a significant decrease in electricity deficiency and reducing the duration of shutdowns due to the renewal of all available species of generation in the power system since mid -February," the Ministry of Economy emphasized. In addition, business has optimism after Ukraine managed to win in the energy war with Russia.
Against the backdrop of this business, he intensified his work. Thus, in February, compared to January, there was an improvement in the situation in industrial production, as the lack of electricity decreased after the launch of nine atomic blocks. Meanwhile, the NBU is said to be that the negative impact of the Armed Forces of the Russian Federation on energy infrastructure will be felt both in 2023 and in the next 2024.
Thus, the regulator believes that the restoration of economic activity, which began in Ukraine since May 2022, would be highly probability in the fourth quarter, if it were not for Russian terrorist attacks against energy infrastructure. We will remind, earlier Focus said that the NBU believes that inflation in Ukraine will begin to decline in the spring of 2023.