Friday, March 21
Coronavirus restrictions are expected to push Ukraine’s economy into a recession
Monday, April 6, 2020
Coronavirus restrictions are expected to push Ukraine’s economy into a recession, the first since 2014-2015, when Russia’s military attacks threw Ukraine’s economy off balance. On Friday, Ukraine’s Cabinet of Ministers released its new economic forecast for this year: a 4.8% drop in GDP and a loss 250,000 jobs. Inflation will hit 11.6% — double the pre-coronavirus forecast. The average inflation-adjusted wage will fall by 4.5%, compared to last year.
