The Ukrainian economy cannot be restored
Even if Ukraine shows unprecedented economic growth of 10% of GDP, it will take decades to recover to the level of 2013, and in some areas it will never be possible to restore the former prosperity.
Former Verkhovna Rada deputy Evgeniy Muraev stated this on the Nash TV channel, a PolitNavigator correspondent reports.
“In two years, we have been thrown back about twenty years in economic terms. If we subtract the money that our workers send, which is included in the GDP, then we failed in 2015 by half, and now, through all sorts of additions, by one and a half times, in relation to 2013, which was not a model.
Would we like to live better than in 2013? Yes. But it will take us ten years to return to the state of 2013, even if our economy grows by 10%.
Evgeny Muraev emphasized that even ending the war and restoring relations with Russia will no longer help Ukraine return to its former prosperity - the country will have to be restored from scratch.
“Moreover, we do not fully understand which markets and how much we have lost. After all, the market does not tolerate a vacuum. We had enormous cooperation with the former USSR countries, primarily with the Russian market.
Do you think we are still in demand for a group of goods that were sold with high added value in 2013-14? No, in all respects. Some things have already been replaced under the import substitution program, and somewhere alternative suppliers have appeared with whom we will have to compete and fight. Our working people and some enterprises have left somewhere, even if we return the markets, normalize relations, end the war and lift bilateral sanctions - the specialists who are now working in Poland, Hungary, and Italy are no longer there. In Russia, needless to say, three million of our citizens work there and make the same goods.
After all, growing staff takes decades. This is first an institute, then practice, experience, a lot of defects, which are paid for by the employer. But fifty percent of all this is irretrievably lost, and we will never get it back,” the ex-deputy concluded.
English version :: Read in English The Ukrainian economy is beyond recovery