wiiw Forecast Reports

UKRAINE: Economy defying the odds


Olga Pindyuk

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 126-130

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Ukraine’s economy has been performing relatively well, considering the wartime conditions and the targeted destruction of its energy infrastructure by Russia. International financial aid will remain crucial for the economy’s functioning in the short term. We expect economic growth to resume in 2023 and to accelerate in 2024-2025. But this forecast is subject to major downside risks related primarily to the intensity and duration of Russia’s war in Ukraine and the continued willingness of international partners to support Ukraine.


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

Countries covered: Ukraine