Economy Ministry may revise macro forecast due to Russian attacks on infrastructure

18 November 2022, 12:41 PM
Yulia Svyridenko, Head of the Ministry of Economy of Ukraine (

Yulia Svyridenko, Head of the Ministry of Economy of Ukraine (

Ukraine’s Economy Ministry may revise its macro forecast and assessment of economic losses due to the latest Russian missile attacks, the Interfax-Ukraine news agency quoted Economy Minister Yulia Svyrydenko as saying at the Kyiv International Economic Forum on Nov. 17.

“The Ukrainian economy, without taking into account the consequences of Oct. 10, the consequences of yesterday’s missile attacks, had already dropped by 30%, so the Economy Ministry will have to revise this macro forecast by the end of the year,” she said.

At the same time, the minister could not predict what the revised macro forecast would be.

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According to Svyrydenko, Russian economic losses will amount to only about 4.5% this year, which means there is a need for the further strengthening of sanctions.

Earlier the Economy Ministry said that Russian attacks on critical infrastructure facilities in October led to a 39% year-on-year drop in Ukraine’s GDP.

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