According to Singapore Lianhe Zaobao website on the 9th, Ukrainian official estimates that Ukrainian economy shrank by 30% year-on-year in the first three quarters of 2022.
According to Reuters , the Ukrainian Ministry of Economic Affairs said in a statement on the 8th that the economic shrinkage is related to the slowdown in the harvesting of agricultural products in September and the interruption of power supply for Zaporo thermonuclear power plant .
This is an empty street view taken on September 24 in Slaviyansk, Ukraine. ( Xinhua News Agency )
However, it was reported that Ukraine's exports in September increased by 23% compared with August, the highest level since the outbreak of the Russian-Ukrainian conflict in February. The sharp increase in exports is related to Ukraine's ability to transport grains from the ports of the Black Sea.
Ukrainian Ministry of Economic Affairs said further damage to production facilities, infrastructure and residential buildings, as well as uncertainty in the duration of the conflict, are hindering development and delaying the recovery process.
According to reports, the Ukrainian central bank predicted in July that the Ukrainian economy could shrink by one third this year and would grow by 5% to 6% in 2023 and 2024.
column editor: Gu Wanquan Text editor: Yang Rong Title picture source: Tu Chong Picture editor: Su Wei
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