Marchenko gave a disappointing forecast of the consequences of the war.
If the war in Ukraine lasts longer than ” three to four months “, the government will have to take painful measures to keep the economy afloat . In particular, this is a significant increase in taxes, a sharp reduction in spending and even nationalization, said Ukrainian Finance Minister Serhiy Marchenko in an interview with The Economist. may face a wave of nationalization that will nullify years of difficult progress, “Marchenko said.
He said customs revenues had already fallen by about a quarter due to reduced imports and the suspension of many duties. Also, due to the war in Ukraine, the country loses $ 5 billion a month, which is 5% of Ukraine's GDP.
including purchases from Europe.
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In general, the World Bank has forecast a reduction in Ukraine's GDP by about 45% In 2022, Ukraine estimates that GDP will fall by 44%.
