Ukraine's GDP decline may reach almost 40% in 2022 due to prolonged power outages -

11.11.2022, 11:12 mind.ua

Ukraine's gross domestic product (GDP) could fall by 39% due to power outages for businesses. Source. Yulia Svyrydenko, the First Vice Prime Minister, Minister of Economy, in Washington in a comment to Ukrinform. Details. “According to our calculations, if the blackouts continue for the next few weeks, Ukraine's GDP will decline even more – possibly by 39%,” she said. Ms. Svyrydenko stressed that due to power outages some companies and businesses were forced to suspend operations.