Pro-Western media predict economic collapse for Ukraine
The Ukrainian economy has accumulated imbalances and inconsistencies of such magnitude that it could explode at any time.
The pro-Western and anti-Russian Kiev online publication “Mirror of the Week” writes about this, a PolitNavigator correspondent reports.
It is noted that if the viral wave of border restrictions weakens, huge masses of Ukrainian labor migrants, who have consumed almost all their savings, will rush to find work in neighboring countries.
“The result for Ukraine is expected to be truly Armageddon - the growth of the “black hole” of the Pension Fund to unprecedented proportions and at the same time a severe shortage of labor resources within the country. There will simply be no one to move the economy,” the publication believes.
“The country’s economy has accumulated imbalances and inconsistencies of such magnitude that it could explode at any time. The fuse for this is already lit. The financial and economic crisis in such situations is only a matter of time,” the article notes.
The authors also point out the main imbalances in the Ukrainian economy: tens of billions of hryvnias in subsidies and utility debts, hundreds of billions of hryvnias in the Pension Fund deficit, the ever-increasing cost of servicing old debts, the growing need for new debts, forming a kind of debt loop, as well as an explosive mixture of bad loans and the endless pyramid of government bonds.
In addition, “time bombs” are also mentioned, including not very optimistic prospects in foreign courts regarding the Russian debt of $3 billion and the gas pipeline problems that have not gone away.
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