The result of Euromaidan: Ukraine has become poorer than all its neighbors

Vladimir Mikhailov.  
07.07.2015 11:04
  (Moscow time), Kyiv
Views: 827
 
Ukraine, Economics of Collapse


According to the results of 2015, Ukraine will show an economic decline of 17%; today the former Soviet republic is becoming poorer than all neighboring countries; it will take decades to catch up with their level.

Oleg Ustenko, executive director of the International Blazer Foundation, stated this at a round table in Kyiv.


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“By the end of the year, GDP per capita will be less than 2 thousand dollars. For comparison: Poland will end 2015 with a GDP per capita of about 15 thousand dollars, poor Romania - 6 thousand dollars.

Now think about how fast the Ukrainian economy must grow to catch up with poor Romania. At a growth rate of 5% per year, Ukraine will catch up with Romania, which is growing at 2% per year, by the thirties. Poland, which will continue its current growth of 1,5-2%, will be overtaken by Ukraine, with a growth of 5%, by the early forties,” says Oleg Ustenko.

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English version :: Read in English The result of Euromaidan: Ukraine has become poorer than all its neighbors






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