Do not be surprised if in the next 5 years the economy of Ukraine will not just grow by 40%, but will increase the GDP in dollar terms by 2 times.
Those who doubt the growth of GDP over 5 years by 40% can check a few figures from Ukrainian history:
- 2000−2004 ($31.26 bn — $64.88 bn) —100% growth over 4 years.
- 2009−2013 ($117.2 bn — $183.3 bn) — 56% growth over 4 years.
- 2015—2019 ($91.3 bn — $150 bn) — 64% growth over 4 years.
Therefore, do not be surprised if in the next 5 years the economy of Ukraine will not just grow by 40%, but will increase the GDP in dollar terms by 2 times.
The formulas are known:
- Land reform.
- Program of energy independence of Ukraine.
- Digitalization of Ukraine.
- The program of transport infrastructure modernization.
- Substitution of the income tax by the tax on withdrawn capital.
- Launching the defined contribution plan system.
- Development of the program to provide Ukrainians with quality housing.
- Updating the education and science system in Ukraine.
Of course, economic growth is not an end in itself, but an essential condition for improving society’s well-being, because when there are investments the demand for labor grows, and hence wages grow as well. Therefore, we are waiting for the government’s programme designed for the next 5 years and coordinating our positions.
Anatoly Amelin, director of economic programmes of the UIF
First published: NV
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