Why Ukraine’s economy defies predictions

The Ukrainian economy is suffering and defying expectations. The International Monetary Fund (IMF) estimates that GDP will shrink by 35% this year and inflation is 24%. Yet, slowly and grimly, the country’s economy has adjusted to the war and seems to be on the upswing. What can and should the long march back to normal look like?

In this week’s podcast, hosts Mike Bird, Soumaya Keynes and Alice Fulwood are joined by our European Economics Editor Christian Odendahl and our European Correspondent Matt Steinglass, who is in Ukraine, to discuss the economic future. from the country. They hear from Yuriy Ryzhenkov, the boss of Metinvest, Ukraine’s largest steel company and owner of the plant that became the site of a deadly siege in Mariupol, about how the company is adapting. And Vladyslav Rashkovan, the IMF’s alternate executive director responsible for Ukraine, outlines key areas Western powers should think about in terms of plans to help rebuild the country.

Runtime: 39 minutes

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Christi C. Elwood