Ukraine remains one of the poorest countries in the region.
In 2019, Ukraine is projected economic growth of 2.7%, and to accelerate this pace, we need rapid progress in implementing key structural reforms. At the current pace, the country will need 50 years to reach the income level of today’s Poland.
As noted in the special report of the world Bank on the theme: “using the potential of Ukraine’s economic growth”, economic growth in our country remain too low to reduce poverty and achieve the income level of neighboring European countries.
So, after a 16% total reduction of the economy in 2014-2015, and 3.3% in 2018, the expert explained.
From the point of view of GDP per capita, Ukraine remains one of the poorest countries in the region, i.e. it is at the level of Moldova, Armenia and Georgia, said the world Bank.
“Ukraine’s GDP per capita at purchasing power parity, is about three times lower than in Poland, despite similar income levels in 1990,” — said in the report.
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