Ukraine's economic situation remarkably strong for three years into war, economist says

He shared his thoughts on Espreso TV.

“It’s a miracle we’ve managed to hold on for three years. Without external assistance, we would have collapsed long ago. We would have had nothing to fight with and no funds to pay pensions or salaries to state employees. Thanks to our allies, we’re maintaining a relatively stable economic situation. When people ask me about the economic situation, I tell them that for a country at war for three years, our economic situation is excellent. We have low inflation. While we’d like things to be better, we have to be realistic - it’s just not possible right now. Salaries and pensions are paid regularly, and social security is functioning without issues,” he said.

Nepran also drew a comparison to the economic situation in the United States in 1941. 

“Back then, the U.S. was hundreds of times stronger economically than we are now. After Pearl Harbor on December 7, they had to introduce a rationing system for basic food items, gasoline, and household goods within two weeks. We haven’t faced anything like that, so we’re still holding on,” he added.

• Illia Neskhodovskyi, head of the ANTS network's analytical department, says that Ukraine's inflation is expected to reach 10% by the end of the year.