wiiw Forecast Reports

UKRAINE: Losses from the war are mounting


Olga Pindyuk

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 130-133

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The war has caused Ukraine significant economic and humanitarian losses. Economic activity has practically ceased in those regions where military operations are under way, and more than a quarter of the population has been displaced. We expect a gradual recovery of Ukraine’s economy in 2023, but there is practically no chance of the recovery being even remotely V-shaped. GDP growth will accelerate in 2024, provided financial support is forthcoming from the West in the shape of a Marshall Plan-type reconstruction fund.


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

Countries covered: Ukraine