Back
Automatically translated version. May contain inaccuracies compared to the original.
Due to Russian shelling, damage to the energy sector, and problems with exports, Ukraine's economic prospects have deteriorated. The Ministry of Economy expects significantly weaker GDP growth in 2026 year.
The Ministry of Economy and Environmental Protection of Ukraine is preparing to lower the forecast for gross domestic product growth in 2026 year. If growth was previously expected to be around 1,3%, it may now be revised to 0,5%, according to Economy and Environmental Protection Minister Oleksandr Kravchenko.
The reason is the consequences of Russian attacks, which are increasingly affecting production, energy, logistics, and the country’s export opportunities.
"We are actually revising the GDP forecast for the current year. The baseline growth forecast was around 1,3%. Now we are revising it downward," Kravchenko emphasized.
According to him, only the consequences of Russian shelling could deprive Ukraine of about 0,5% of the expected economic growth.
Among the main problems are new strikes on energy facilities, destruction of logistical infrastructure, and the blockage of the Odesa region ports. According to estimates by non-governmental analysts, the port blockade could reduce GDP by another 0,6–0,9%.
Kravchenko also urged preparedness for a difficult winter and not to rule out the worst scenarios. "We are trying to foresee all different possible developments and prepare for the worst," the minister emphasized.
At the same time, the government plans to support business as budgetary possibilities allow. In particular, expanding loan programs for large enterprises and increasing insurance against military risks with state and international partner support are being explored.
As reported, in the second quarter of 2026 year, Ukraine's real GDP rose by 0,4% compared with the previous quarter (seasonally adjusted).
Blockade of seaports: the situation in the agricultural sector is worse than in 2022 year.
News from Korrespondent.net on Telegram and WhatsApp. Subscribe to our channels https://t.me/korrespondentnet and WhatsApp.
Document: PDF proof of the original version of the news item "Удар по економіці: Україна переглядає прогноз зростання ВВП". It records the publication content at the moment of the first scan, the preservation date and the source: Korrespondent.net.
