The impact of the global recession on Ukrainian IT in 2023.

The recession will affect one-third of the global economy in 2023, according to Kristalina Georgieva, director of the International Monetary Fund. This is due to the simultaneous slowdown of three large economies, the USA, the EU, and China. For Ukrainian IT, this external factor influencing its development is reinforced by an internal one, the war with the Russian aggressor.

According to HR Marketing Lead Ruslana Kraeva, with reference to opendatabot, during the 11 months of the full-scale war, the IT sector received 7% more in exports than in the same period in 2021: $6.6 billion compared to $6.2 billion. These indicators changed significantly during the year, for example, in June and September, there was a 7% decrease in exports. These fluctuations indicate the instability of the overall situation and prompt us to look to the future carefully.

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