Page 19 - UKRRptJan22

3.0 Macro Economy
3.1 Macroeconomic overview
The Ministry of Economy of Ukraine was forced to return to its original forecast of a 32-33.5% fall in real gross domestic product this year due to Russian attacks on energy infrastructure, First Deputy Prime Minister Yulia Svyrydenko, Minister of Economy, said at a briefing on December 2.
Real gross domestic product (GDP) of Ukraine in the third quarter of 2022 fell by 30.8% compared to the third quarter of 2021 after falling by 37.2% in the second quarter and 15.1% in the first of this year , such an operational assessment was published by the State Statistics Service on Friday.
According to the published data, compared to the previous quarter (seasonally adjusted), GDP grew by 9.0%.
According to the State Statistics Service, in 2021, Ukraine's GDP grew by 3.4% after a decline of 3.8% in 2020, its nominal value was about $200bn.
The Ministry of Economy previously said that Russian attacks on energy infrastructure, which began on October 10, increased the rate of decline in the Ukrainian economy to approximately 39% in October and 41% in November, as a result of which the forecast for the whole year was worsened from 32% to 33.2%.
At a briefing on December 8, NBU top managers also said that Russian energy terror worsened their estimate of a 31.5% decline in GDP this year, but did not specify by how much.
19 UKRAINE Country Report January 2023 www.intellinews.com