The economic noose is tightening around Ukraine’s neck
The financial and economic bloc of the Ukrainian government no longer even mentions reducing the country’s external debts.
Kiev financial analyst Alexey Kushch writes about this in his blog, the PolitNavigator correspondent reports.
He recalled that last summer the Ministry of Finance, headed by Oksana Markarova, joyfully announced that by 2022, the ratio of Ukrainian external debt to GDP would be reduced to 43%.
“A lot has changed since then: Markarova is far away, non-residents are greasing their skis, Sologub at the NBU is already predicting an increase in the debt/GDP ratio to 70% and says that a deficit of 8% is normal, although a year ago he said the diametrically opposite. Let's add here the fall in GDP and we get a model in which the noose is not just on the neck, it is already shrinking. Just as the national sport of stepping on a rake continues,” sums up Kushch.
As PolitNavigator reported, for the Ukrainian economy the forecasts turned out to be much worse than expected.
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