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The National Bank stated that the deterioration of the foreign trade situation s...

Through the energy terror of the Russian Federation: the economy of Ukraine will fall deeper than expected - the NBU

The National Bank stated that the deterioration of the foreign trade situation should be expected, as Ukraine has lost its export capacity and has become more dependent on imports. NBU Deputy Chairman Serhiy Nikolaychuk stated that the fall of the GDP of Ukraine in 2022 would be much deeper than expected earlier. The reason is Russian attacks on the country's energy infrastructure. He stated this during a briefing. According to him, next year GDP growth will be more sluggish because of the same.

It is less than 4%. In addition, Nikolaychuk stated that at the end of January, the National Bank would publish a new forecast, taking into account the consequences of Russia's energy terror and other factors. Earlier, as stated by the NBU press service, inflation pressure in 2023 can increase by 1-2 percentage points. The institution considers three options for developing the situation in the energy sphere: according to Nikolaychuk, these scenarios include additional inflation pressure.

However, inflation will restrain the fall of consumer demand. At the same time, the deterioration of the foreign trade situation should be expected as Ukraine has lost its export capacity and has become more dependent on imports. The gross domestic product reflects the market value of all final goods and services produced in all sectors of the economy throughout the year. Earlier, Focus reported that the NBU was told that it would be with a discount rate.

In case of implementation of pro -inflation risks, the National Regulator is ready to strengthen monetary conditions for maintaining the control of course and inflationary processes. We will also remind that Naftogaz told about damage to the gas industry of Ukraine through the Armed Forces of the Russian Federation. According to Oleksiy Chernyshov, the head of NJSC Naftogaz, 450 km of gas pipelines have been damaged today.