Ukraine Shadow Economy Drops to 31% of GDP
Ukraine Shadow Economy Drops to 31% of GDP

Ukraine Shadow Economy Drops to 31% of GDP

Ukraine Shadow Economy Drops to 31% of GDP

Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP. The de-shadowing became possible due to maintaining macroeconomic stability and business activity, expansion of domestic demand, diversification of sales markets and reduction in investment risks, the Ukrainian Economic Development and Trade Ministry’s press service said, Unian reported. Also, it became possible due to maintaining a high level of business activity in the conditions of better expectations of Ukrainian reforms in the world and reducing investment risks under the relative macro-financial stabilization and the continuation of the processes of reforming the economy. The de-shadowing process is being restrained by low public confidence in government institutions, as well as significant challenges to the financial system stability, and the fact that the Ukrainian government has temporarily lost control over certain areas in the east of the country due to the ongoing Russian aggression. At the same time, the dynamics of de-shadowing is restrained by unresolved issues, which adversely affect the development of the country’s economy as a whole.


Short URL : https://goo.gl/Sx7kUe
  1. https://goo.gl/EaJrCq
  • https://goo.gl/i48fGc
  • https://goo.gl/YdZYx1
  • https://goo.gl/kyjupk
  • https://goo.gl/btSy4o

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Add new comment

Read our comment policy before posting your viewpoints