Oleksiy Honcharuk, the Prime Minister of Ukraine, declared an ambitious goal for Ukraine: the economy should grow 40 percent over the next five years (approximately 7 percent per year). Ukraine’s President Volodymyr Zelensky is equally optimistic and believes that the economy is on the verge of a breakthrough. We all want the Ukrainian economy to grow fast, a critical condition for the success of the Ukrainian state. And we all agree that the Ukrainian economy has the potential to grow fast. But is this sustained spurt in economic growth a likely outcome? This post gives a statistical perspective on this question.
Reform Watch
VoxUkraine: Growth miracle for Ukraine?
Ukrainian Prime Minister Oleksiy Goncharuk (top R), officials and lawmakers react after voting on land sale reform during a session of the parliament in Kyiv on Nov. 13, 2019.