The government has given an optimistic forecast for Ukraine’s economy.

According to an optimistic scenario, after falling by 30-35% in 2022, Ukraine’s economy may stabilize and grow by 15.5% next year. As Economic Minister Yulia Svyridenko stated in an interview with Reuters, the economic situation will depend on the development of battlefield events. She also added that the pessimistic scenario predicts a fall in Ukraine’s 2023 GDP by another 0.4%. According to the minister, the state government is preparing a macroeconomic forecast before the start of negotiations with the International Monetary Fund regarding a new lending program planned to be discussed in September. She said the new program would need to be relatively large-scale and agreed upon quickly to help free up funds from other lenders and reassure investors.