Deputy Head of the Office of the President of Ukraine Yulia Kovaliv emphasized that the situation with the spread of coronavirus “changes every day”, so it is difficult to predict economic losses.
The fall of the Ukrainian economy according to the optimistic scenario of the spread of coronavirus will amount to 5% of GDP in 2020. As reported Interfax-Ukraine, March 23, said the deputy head of the Office of the President of Ukraine Yulia Kovaliv.
“Under the optimistic scenario with coronavirus, we see a fall of 5% of GDP this year,” she said.
Kovaliv added that building macroeconomic forecasts is now difficult, as “the situation is changing every day.”
IMF Managing Director Kristalina Georgieva stated that the coronavirus pandemic has already done more damage to the global economy than the financial crisis of 2008-2009.
The National Bank of Ukraine predicted that a global economic downturn could have a positive effect on the balance of payments of Ukraine, but the impact of the crisis on GDP growth would be “rather negative.” Kovaliv believes that Ukraine will need about $ 4 billion to fight coronavirus
An outbreak of COVID-19 coronavirus infection began in December 2019 in Wuhan, China. March 11, the World Health Organization announced the spread of coronavirus pandemic. According to American Johns Hopkins University on March 24, the total number of infected people in the world is 407 thousand, more than 18.2 thousand people died.