Pandemic and containment measures have had a serious negative impact not only on population health but also on its well-being. Countries all over the world experienced a slump in GDP, a surge in unemployment and poverty levels. Many governments tried to support firms and people using various fiscal and monetary policy instruments. We look at policy responses of 20 countries and see that Ukraine used most of the policies employed by developed and developing states. However, Ukraine could have used them faster and at a larger scale – if it had secured the IMF program earlier.
OP-ED
Olena Sholomytska, Ilona Sologoub: Low rates, cash and guarantees
S&P predicts Ukraine's economy will grow 4% in 2021, bouncing back from a COVID-19 induced recession of 4% in 2020.
