Kiev, Jan 6 (SocialNews.XYZ) In the wake of Russia's ongoing war against Ukraine, the country's GDP declined by a record 30.4 per cent last year, the Economy Ministry said citing preliminary estimates.
"In 2022, the Ukrainian economy suffered its largest losses and damage in the entire history of independence," Xinhua news agency quoted Economy Minister Yulia Svyrydenko as saying.
In December 2022, Ukraine's GDP declined 34 per cent due to a certain stabilisation of the situation with energy supply, after a fall of 37 per cent in November, the Ministry said.
In the fourth quarter of last year, Ukraine's economy experienced a decline of 35.5 per cent compared with the same period in 2021, it said.
The Ukrainian economy saw a 3.4-per cent growth in 2021.
The country's GDP is expected to rise 3.2 per cent this year, according to the government's projection.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
