How will the energy sector shocks affect the exchange rate, GDP and inflation in 2023

Massive missile attacks on Ukraine’s energy infrastructure make one of the direst scenarios for the country more realistic. Disruptions in energy supply significantly impact the economy, and therefore macroeconomic forecasts for 2023 was revised, and a quick recovery is unlikely. 

During the discussion, CES Supervisory Board Member and Dragon Capital Research Director Olena Bilan presented the investment company’s macro forecast for 2023. 

After that, the invited experts and government officials discussed how macroeconomic indicators were changed as a result of barbaric attacks on the energy sector of Ukraine and what expectations the market can form regarding the update of official forecasts. 

Invited panellists: 

• Denys Kudin, First Deputy Minister of Economy of Ukraine
• Oleksiy Zhak, General Director of the Directorate for Strategic Planning and European Integration, Ministry of Finance of Ukraine
• Sergiy Nikolaychuk, Deputy Governor of the National Bank of Ukraine