The European Commissioner Named the Ukrainian Economy “Extremely Stable”

Tuesday, May 16, 2023
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The European Commissioner Named the Ukrainian Economy “Extremely Stable”

The economic forecast of the EU on the countries of the participant for the first time included Ukraine and assessed its prospects very positively

The European Commission published a forecast report of the economies of the EU countries, which for the first time included Ukraine and Moldova as candidates for the European Union. The European economics commissioner, Paolo Gentiloni, said that despite the destructive war taking place in Ukraine in all areas, the Ukrainian economy has become "extremely stable." In 2022, due to the war, the Ukrainian economy collapsed by 29%, but already in 2023 it grew by 0.6%. It is expected that in 2024 it will increase by 4%.

Even considering such a positive forecast, one should not write off the unpredictability of Russian aggression, which has the maximum impact on the economic condition of our country.

Next month, the European Commission will begin reviewing Ukraine's results in fulfilling its obligations as a candidate for EU membership. In mid-May 2023, Ukraine has already completed 68% of 100% of the work and does not plan to stop. Considering this, the prospect of joining the European Union in 2 years no longer seems so sky-high.

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