Ukraine enters list of countries whose economies reduced in 1990-2017

Source : 112 Ukraine

The reduction of the economy made on average 0,2% annually
17:58, 20 February 2020

Ukraine was included in the list of countries, which economies went down during the period 1990-2017 as Interfax-Ukraine reported citing Permanent IMF Representative in Ukraine Gosta Ljungman.

“Ukraine is one of 18 countries, whose economies reduced during the period starting from 1990 until 2017, showing the fifth result from the end of the list, on average ‘minus’ 0,2% annually,” Ljungman said.

According to him, in the period from 1990 until 2017, the investment in Ukraine made only 20% from the GDP, including 16% from the GDP in 2010-2017, when the average level is 26% from the GDP.

As we reported, the International Monetary Fund noted the progress of Ukraine in holding of the reforms. It also expects the fulfillment of the approved preliminary measures for the final agreement of the new three-year EFF program for $5.5 billion by the board of directors.

Besides, the EU will assign the second tranche of macro-financial aid after the Ukrainian side lives up to the IMF conditions.


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