Earlier this month, the Economy Ministry slashed its forecast for the country’s GDP growth this year to 1 from 3.2 per cent estimated earlier…reports Asian Lite News
Ukraine’s GDP shrank by 29.2 per cent in 2022, state media reported, citing an estimation by the country’s Economy Ministry.
The economic decrease reflected depressed household consumption, a decline in investment activity, and negative pressure on export and import operations caused by the Russia-Ukraine war, the government-run Ukrinform news agency reported on Tuesday.
Ukraine’s GDP performance last year was better than the initially estimated decline of 30.4 per cent due to better-than-expected dynamics in the fourth quarter.
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According to official statistics, Ukraine’s real GDP declined by 31.4 per cent year-on-year in October-December of 2022.
Earlier this month, the Economy Ministry slashed its forecast for the country’s GDP growth this year to 1 from 3.2 per cent estimated earlier.
Meanwhile, the Ukrainian government has approved the State Anti-Corruption Program for 2023-2025, state media reported.
The programme envisages that Ukrainian ministries, executive authorities, state enterprises, and other government agencies will have to report on the implementation of anti-corruption measures to the National Agency on Corruption Prevention, the Interfax-Ukraine news agency reported on Tuesday.
The Ukrainian government said in a statement that the programme will result in the introduction of new corporate governance standards in public sector entities, and will enhance public control over the activities of business entities partially owned by a government.
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