The economy of Ukraine in 2022 has decreased by more than 35%
The UN report “World Economic Situation and Prospects 2023” says that the Ukrainian economy has shrunk by 35% in a year, this is reported by Hromadske.
Ukraine’s economy has shrunk due to large-scale destruction, particularly of roads, roads and bridges. Production and trade activity are disturbed. The country has experienced significant labor losses due to migration, conscription or population displacement. The blockade of ports and damage to metallurgical plants also affected the state of the economy. The unstable operation of the energy infrastructure, which came under the missile attacks of Russian terrorists, harms the restoration of normal economic activity.
The UN does not make forecasts regarding the dynamics of the Ukrainian economy for 2023 due to general uncertainty.
According to UA War Infographics since the start of the full-scale invasion, Russia has caused at least $138 bln in damage to Ukraine’s infrastructure alone. A significant part of the damage is still impossible to assess.
Earlier, the President of Ukraine, Volodymyr Zelenskyi, stated that more than a trillion dollars are needed to restore the country.
Unfortunately, in the same UN report it is noted that the Russian economy, despite the unprecedented sanctions from Western countries, suffered much less than predicted – the drop in GDP was only 3.5%.
In general, Ukraine is mentioned very often (123 times) on the pages of the UN report, in almost all its sections, because the aggressive war unleashed by Russia caused a large-scale economic, energy and food crisis that affected all countries of the world, no matter how far they are from Ukraine.