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- Title
Ukraine’s economy two years on from the full-scale invasion.
- Authors
Parviainen, Sinikka
- Abstract
This brief assesses the state of the Ukrainian economy two years since Russia’s full-scale invasion. After a devastating 2022, Ukraine’s economy in 2023 proved surprisingly resilient, thanks in part to its foreign partners. Decelerating inflation and a managed exchange rate provided macroeconomic stability, while re-secured shipping routes in the Black Sea improved Ukraine’s export performance. Despite these achievements, the problems of 2022 began to re-emerge in 2024 in Ukraine’s fight for survival. Besides the drying up of foreign funding and armaments supplies and the widening mismatch in labor force allocation, Ukraine requires more long-term, non-repayable assistance, greater support for returning Ukrainians, and reduced state pressure on private businesses.
- Subjects
UKRAINE; INFORMAL sector; TRADE routes; FOREIGN exchange rates; UKRAINIANS; PRICE inflation
- Publication
BOFIT Policy Brief, 2024, Issue 3, p3
- ISSN
2342-205X
- Publication type
Article