Has the Ukrainian economy reached its limits?

New economic growth forecasts range between 2.0–2.7%, whereas at the beginning of the year estimates were at 3–6%. The slowdown is driven by infrastructure destruction, labour shortages, challenges in gas production and the agricultural sector.

It seems that Ukraine’s GDP is nearing a growth plateau, and further growth will require new drivers: investment in human capital, new technologies, and infrastructure.

We discussed how realistic it is to increase productivity in the fourth year of the war and where the money for this could come from. In addition, CES experts traditionally reviewed the main changes in the country’s economy over the past month. Previous reports are available on our website, and data visualisation is available in the Ukraine War Economy Tracker.

Speakers:

• Ufuk Akcigit, the Arnold C. Harberger Professor of Economics at the University of Chicago, Director at Global Center for Economic Growth;
• Natalia Horshkova, Head of Department for Strategic Planning and Macroeconomic Forecasting, Ministry of Economy, Environment and Agriculture of Ukraine;
• Kyrylo Kryvolap, Executive Director at Centre for Economic Recovery;
• Darina Marchak, Deputy Minister of Economy, Environment and Agriculture of Ukraine;
• Sergiy Nikolaychuk, First Deputy Governor, National Bank of Ukraine.

Moderator: Hlib Vyshlinsky, Executive Director of the Centre for Economic Strategy.