The International Monetary Fund

predicts that Ukraine's GDP will grow by 1% in 2023.

At the same time, inflation will be about 25%.

This is stated in the IMF report.

"The devastating social and economic impact of the war on Ukraine continues, leading to a large number of civilian casualties, the migration or internal displacement of a third of the population, colossal damage to infrastructure and production capacity," IMF mission chief Gavin Gray said.

The fund expects that under such conditions, the economy of Ukraine will fall by 33% this year, and stabilize next year.

The baseline scenario assumes a 1% recovery.

The IMF emphasizes that Ukraine will need significant international financial assistance for economic stability.

It will be recalled that the President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso said that Ukraine is expecting 

due to the war started by Russia.

Ukraine will continue to need enormous financial support.

Economic growth is expected to resume in 2023, but it will be weak.

She also noted that according to the results of 2022, the economy of Ukraine will fall by 30%.

"In order for Ukraine's economy not to collapse, monthly assistance of $3-3.5 billion is needed. The USA and the EU fear a recession, so providing this support is a challenge," she explained.

Read also:

• Recession, inflation and harsh winter: the European Commission worsened the economic forecast for 2023

• Ukraine's economy during the war: Zelenskyy had a conversation with the director of the IMF

• Shmyhal explained how the oil embargo for the Russian Federation will affect the course of the entire war in Ukraine

• The prices of products and housing rent are increasing: the NBU named the causes of inflation