In the near future, the economy of Ukraine will experience a small reduction in real GDP by 2% in 2023.

Such a forecast was put forward by the international rating

 Moody's. 

However, experts assure that after that there will be a moderate recovery of economic activity in 2024, which will be due to large-scale reconstruction.

"Despite the high degree of uncertainty of the development of the military conflict, in its base scenario, Moody's expects the preservation of macroeconomic and financial stability," the forecast added.

Analysts note that the consequences of the war have increased health and safety risks and limited access to basic services and housing for 20% of Ukrainians.

"The economic recession caused by the war has led to a significant increase in unemployment and poverty. This will affect Ukraine's creditworthiness for many years, given the large financial needs that will arise in connection with the reconstruction of critical infrastructure," experts say.

Note that even a bullish recovery-driven scenario can result in large payouts for instruments.

We will remind that US President Joe Biden blamed Russia and the COVID-19 pandemic for global inflation.

Read also:

• World news

• War in Ukraine

• News of Ukraine: video