February’s 2023 Economic Review: Military Needs – Accomplishments from Last Year and Future Priorities
Economy during the war
| 21 February 2023
Since March 2022, the Centre for Economic Strategy (CES), together with the German Economic Team (GET), has been preparing monthly reviews of Ukraine’s economy during a full-scale war. All notes can be found under the link.
We looked at the most critical changes in various sectors in the February economic review. Also, we focused on how the full-scale invasion of Russia affected the defence sector. And how enterprises responding to the needs of the army work and bring victory closer.
Content of the note:
- Macroeconomic trends: latest inflation figures and GDP, war damage, business activity.
- Industry overview: metallurgy and agriculture, electricity supply.
- Fiscal policy: VAT refunds, tax revenues and volumes of international financial assistance.
- Monetary and exchange rate policy: discount rate, international reserves, war bonds.
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