Returning to strict quarantine controls would reverse the economic recovery, sending Ukraine into a ‘W-shaped’ trajectory, warns Ministry of Economic Development, Trade and Agriculture. During the second quarter – April-June – Ukraine’s GDP plunged by 11.4% yoy. If the recovering holds, this year will have a horseshoe-shaped recovery, falling by 5% yoy in 2020 and growing by almost that rate in 2021.
Returning to strict quarantine controls would reverse the economic recovery, sending Ukraine into a ‘W-shaped’ trajectory,
