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After the Euromaidan, Ukrainian economy is in disarray

Summary of Disinformation

Five years after the Euromaidan, the Ukrainian economy is in disarray. From 2013 to 2017, the inflow of direct foreign investments has decreased threefold – from $ 5.5 bln USD to $ 1.87 bln USD. For all other indicators, the last five years have showed a negative trend.

Disproof

Recurring pro-Kremlin disinformation narrative about Ukraine.

During the last 3-4 years the situation has stabilised and improved. According to Moody’s estimates, Ukraine’s credit rating increased from Ca (Negative) in March 2015 to Caa1 (Stable) in December 2018. Standard&Poor’s reiterated that Ukraine’s rating remains stable.

After economic crisis in 2014-2015, the Ukrainian economy started to recover in 2016 with a GDP growth of 2,3%. In 2017, it grew by 2,5%. In the second quarter of 2018, GDP growth accelerated to 3,6%. IMF projects that economic growth will continue and in 2022 GDP will reach 162 bln USD.

The total foreign direct investments in Ukraine were lowest in 2016, but in 2017 and 2018 they started to increase and as of October 2018, according to State Statistical Service of Ukraine, reached the level of 2015.

Background:

As a result of Russia's occupation of Crimea and the war in Eastern Ukraine, Ukraine lost 1/5 of its export and 15,0% of GDP. In first quarter of 2014, the share of Donetsk and Luhansk regions in Ukraine’s volume of industrial production amounted to 23 percent and 14½ percent in retail trade.

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Reported in: Issue 139
Date: 26.02.2019
Language: Russian
Country: Ukraine
Keywords: economy, Eastern Ukraine, Abandoned Ukraine, Economic difficulties, War in Ukraine
Outlet where the disinformation appeared: Antimaydan
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