wiiw Forecast Reports

UKRAINE: Economy adjusting to the war


Olga Pindyuk

in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 150-154

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The Russian invasion is causing significant human loss and physical capital destruction in Ukraine. However, after a sharp contraction, Ukraine’s economy has started to show signs of adjusting to the war conditions. External financial assistance is crucial both to keep the economy functioning and to achieve military victory. An accelerated recovery in the post-war period will depend on the establishment of a Marshall Plan-style international agency capable of providing adequate financing for the reconstruction of Ukraine’s economy.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Ukraine