By KYIV. Jan 5 (Interfax-Ukraine) – The fall in real gross domestic product (GDP) of Ukraine in 2022 is estimated at 30.4% [±2%], which is better than preliminary forecasts, the Economy Ministry said on Thursday.
As noted in a press release from the ministry, in December, the fall in GDP is estimated at 34% [±2%] compared with 37% [±2%] in November, given a certain stabilization of the energy supply situation after shelling in November.
"However, further terrorist missile attacks by Russia caused, although not critical, damage (in particular to energy infrastructure), which continued to put pressure on business confidence and activity," the ministry added.
In general, in the fourth quarter, according to the Ministry of Economy, GDP fell by 35.5% [±2%], which is worse than the third quarter, according to the State Statistics Service – 30.8%, but better than the second, when the economy contracted by 37.2%.
The ministry recalled that in the first quarter, the fall in GDP, according to the State Statistics Service, amounted to 15.1%, and in 2021, GDP grew by 3.4%.
"During 2022, the Ukrainian economy suffered the largest losses, damages in the history of independence that the Russian Federation inflicted on it, scaling on February 24 along the entire length of the common border and from the territory of Belarus and the occupied Crimea its terror, which began back in 2014," First Deputy Prime Minister, Minister of Economy Yulia Svyrydenko said.
At the same time, she said that the success of the Ukrainian Defense Forces on the battlefield, the well-coordinated work of the government and business, the speed of restoration of destroyed/damaged critical infrastructure facilities, as well as systemic financial support from international partners, made it possible to maintain the economic front.
