The Ukrainian economy is getting worse and worse
The Ukrainian currency is doomed to fall and weaken, because the country produces fewer and fewer value-added goods every year and has started exporting labor abroad.
Political scientist Andrei Ermolaev stated this on the NewsOne TV channel, a PolitNavigator correspondent reports.
According to the expert, the only thing that supports the Ukrainian economy is periodic tranches from the IMF and other monetary organizations.
“The exchange rate of the national currency largely depends on how profitable our economy is. An economy that sits on a drip of external tranches that maintain the balance of the National Bank in conditions of real unprofitability, minuses, is an economy that directly depends on how this drip supports us,” said the political scientist.
He suggested looking at indicators of economic growth in physical terms, in particular at industrial and agricultural growth.
“We are a losing economy, losing every year. Accordingly, our currency is becoming weaker, because we produce less and less and ultimately consume less. So my forecasts are very pessimistic, because we have big problems with the curtailment of economic activity and the archaization of the economy. We produce less and more and depend more and more on donors. Moreover, we are already exporting labor. Migrant workers support us as supported parents. Therefore, our currency is doomed to weaken and fall in the coming years,” Ermolaev predicts.
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