Former Minister of Economy of Ukraine: All statements about the beginning of recovery from the crisis are lies
The Ukrainian authorities are lying when they claim that the national economy is growing, because a 1% rise in GDP after a 10% decline cannot be called growth. Former Minister of Economy of Ukraine Viktor Suslov stated this on Radio Vesti.
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“It is expected that by the end of this year we will have +1% GDP growth. Let's add - after a 10% drop last year. In general, if we read textbooks, we would say that the rise begins when the pre-crisis level is exceeded. We have not exceeded the pre-crisis level by far. We lost 10%, gained 1% and are talking about recovery.
The same is true for industry – we lost 20% last year, gained 2% this year and we say that there is an increase,” Suslov said.
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