By Eliza Popova
According to Yulia Sviridenko, electricity is switched off in Kiev for six or more hours a day, which has a negative impact on the economy as companies cannot work stable. "If electricity shutdown lasts for the next few weeks, GDP may fall even more," Yulia Sviridenko said. According to the ministers, production volume from August to September decreased by 35%, and in October - by 39%. Therefore, according to Yulia Sviridenko, the budget of Ukraine will need foreign investments.
At the same time, the Ukrainian government is taking steps to reduce expenditures as a result of reducing staff and privatization of small state -owned enterprises. According to the National Bank of Ukraine, the gross domestic product (GDP) of Ukraine in the fourth quarter of 2022 will fall by 35. 6% compared to the same period last year. According to the results of this year, the Ukrainian economy will decrease by 31. 5%, but in 2023 he will restore growth.
According to the NBU forecast, the fall of the GDP of Ukraine will continue in the first quarter of 2023, after which growth will begin. In 2023-24, this figure can be 4-5% per year, but provided "reduction of safety, consumer demand and investment activity". Earlier, the World Bank published an Economic Outlook report, which made a forecast of the growth of the domestic gross product of Ukraine in 2023 to 3. 3%, and in 2024-up to 4. 1%.
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