Ukraine’s PM estimates GDP fall due to war started by Russia at 35% and ‘slightly higher’

The fall in Ukraine's gross domestic product (GDP) as a result of full-scale Russian military aggression is currently estimated at 35% or more, Prime Minister Denys Shmyhal said in an interview with Interfax-Ukraine.

"We see that now, when hostilities are taking place, plus the first shock since the beginning of the war has not passed, according to our estimates, these are fluctuations of 35% and a little higher," he said.

Shmyhal noted that hostilities are taking place in 10 regions where enterprises are located, which accounted for approximately 50% of the country's GDP.

"Further on, everything will depend on how the economy and business recover, it depends on the export industries, where we are now reorganizing from sea deliveries to rail deliveries through Eastern Europe. All these things will also affect GDP," the Prime Minister of Ukraine stressed.

As reported, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva predicted on March 22 that the decline in Ukraine's GDP due to the war started by Russia could be a third of the pre-war level.

Source: www.en.interfax.com.ua