Thread by @PolitsturmInter

ICU Financial Group has published a macroeconomic report on the situation in Ukraine

 Central annual forecasts (compared to 2021):

 ▫️ real GDP will fall by 32% by the end of the year (from $200 billion to $146 billion);

Read our thread report below (1/6):

https://twitter.com/PolitsturmInter/status/1566848716987932674

▫️ the unemployment rate will rise to 25%;

 ▫️ inflation will reach 29.5%;

 ▫️the hryvnia against the dollar will rise to 40.3;

 ▫️international reserves will amount to 23.3 billion dollars.  In 2021 they were 30.9 billion;

▫️public debt as a % of GDP will be 86%, compared to 49.7 in the control year;

 According to the report, in 2023, the situation will improve, but only slightly. GDP growth is forecast at 4%, and inflation at around 24%. At the same time:

https://twitter.com/PolitsturmInter/status/1566847735130619907?s=20&t=X5WTqutzDkgNZAzYi1APGw

▫️The exchange rate is expected to continue falling to UAH 45/USD 1;

 ▫️reserves will shrink to $19 billion;

 ▫️The debt will amount to a record 99% of GDP.

As we can see, hostilities have cut substantially into the workers' standard of living. 

At the same time, the capitalist government, which defended the interests of business, did nothing during the six months of the conflict to end this destructive chaos.

The current situation shows again that apart from the workers, no one will defend the interests of the people.

#News #Ukraine