Ukrainian TV viewers are being prepared for a difficult 2018 during the holidays
In Ukraine, wages are growing faster than GDP, which inevitably leads to inflation. Political scientist Alexei Valevsky stated this on the Ukrainian TV channel NewsOne.
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“GDP growth of 2% is clearly insufficient. The economy is only slightly recovering from the collapse of 2014-2015. And real wages increased by 19% last year. Isn't there an imbalance here? Hence the rise in prices. And the trends of stable economic growth have not been launched. The Ministry of Economy recently issued a forecast that we can count on GDP growth of 4% only in 2020,” Valevsky said.
He believes that the reforms in medicine, education and pensions that the government carried out last year had nothing to do with the economy.
“The integral result of these reforms is to reduce state budget spending on social needs. The government has not yet carried out real economic reforms. Objectively, there is no reason to expect any positive changes in 2018. Unfortunately, our government does not fully understand the seriousness of the situation. Those destructive processes that are obvious have not gone away. And we do not see decisive actions by the government to change this situation,” Walevsky said.
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