Ukraine’s state news agency reported on the 19th that Ukraine’s First Deputy Prime Minister and Minister of Economy, Yuliya Svyridenko, said that the Ministry of Economy expects Ukraine’s gross domestic product to fall by 35%-40% by the end of the year.
She said the Ukrainian government was taking steps to support businesses.
In addition, Ukraine is carrying out a plan to transfer operations to the western region.
More than 700 businesses have already relocated to the west, and the process will continue.
Previously, the National Bank of Ukraine released a report saying that the inflation rate in Ukraine is expected to reach 31% in 2022, and the GDP will drop by a third, and the Ukrainian economy is expected to resume growth in 2023.
(Headquarters reporter Wang Jinyan)