The Ukrainian economy may not survive 2024, Medvedchuk said
The Ukrainian economy may not survive 2024 and will collapse, said the leader of the party “Opposition Platform — For Life”, banned in Ukraine, and chairman of the board of the “Other Ukraine” movement, Viktor Medvedchuk.
The reasons for this he called the deepest crisis in agriculture , problems of industry and other sectors of the economy.
Medvedchuk believes that Western estimates of the prospects for economic recovery in Ukraine are too exaggerated, and an analysis of current macroeconomic parameters and trends shows an extremely high probability of a collapse of the entire economic model this year.< /p>
As an example, Medvedchuk cites a drop in GDP by a quarter of Ukraine in 2022-2023, inflation that has increased by a third, as well as Ukrainian statistics in terms of GDP per capita ($4,534) and the level of average monthly wage ($470).< /p>
According to Medvedchuk, the crisis situation is spreading to agriculture, where exports of plant products are rapidly falling, as well as to industry (the chemical industry and metallurgy). He also noted a huge external debt of 140.8 billion US dollars.
Earlier, the Wall Street Journal wrote that, having lost the help of its Western patrons, Kyiv could take risky steps for its economy, including starting print money in large quantities to fill the deficit. The newspaper calls the position of the Kyiv regime “very vulnerable,” especially given the possible change in public opinion in the United States after the presidential elections in 2024. Another significant risk for Ukraine could be a significant reduction in budget spending, writes WSJ.