Assessment of economic policy

After more than a year of full-scale war, the quality of the macroeconomic policy of the Ukrainian government remains low, as evidenced by the parameters of monetary policy, the persistence of high inflation, a chronically high budget deficit (below 25%), as well as extremely small forecasts of economic growth for this year and next.

The European Bank for Reconstruction and Development predicts only 1% GDP growth for us in 2023, the European Commission – 0.6%. After a 30% drop, one would have expected a much faster rise. But, unfortunately, it is not foreseen.

The government is partially responsible for this. It behaves like a box that accepts external donations and loans. And, it seems, it considers its function exhausted. Accept, distribute – that’s all economic policy. No strategy corresponding to wartime can be seen in the actions of the Cabinet.

Some projects are announced, but primarily for big business. And small and medium enterprises – the main engine of progress, the main resource of the economy in wartime – remain behind. As a result, we have real unemployment below 25% and very sad prospects due to crazy regulation. Under such a situation, the number of people ready to return to Ukraine and do business here will steadily decrease.

Full article – https://cutt.ly/w624GBk.