The Trade Representative Named the Main Problem of the Ukrainian Economy

The biggest challenge for the Ukrainian economy is the reduction of exports, both in monetary and physical terms.

This was stated by Deputy Minister of Economy - Trade Representative of Ukraine Taras Kachka during the conference "Export in wartime: challenges and opportunities", reports UNN correspondent.

Details

The main problem in exports in our economy, obviously, is the decrease in the volume of exports in general in nominal terms: both in money and in tons. And here it should be understood that the main drop is metallurgy. We lost 3/4 of our metallurgy

According to him, it was the metallurgical and agricultural industries that were key players in export markets, so their weakening has a systemic impact on the entire economy.

The situation in industry is particularly critical, where production was destroyed not due to market failures or incorrect strategy, but as a result of direct physical destruction of enterprises during the war.

The reduction in production and the fall in exports is our main factor. Everything revolves around it. Plus, which illustrates what happened, because it is the physical destruction of enterprises. This is not an unsuccessful business strategy - just the physical destruction of enterprises. These are also factors that are unlikely to be found in any export strategy of other countries

Recall

Earlier it was reported that The European Bank for Reconstruction and Development (EBRD) has worsened the forecast for Ukraine's GDP growth in 2025 to 3.3% from 3.5%, the forecast for 2026 will not change at the level of 5% provided a ceasefire.