The real gross domestic product (GDP) of Ukraine in the remaining months of 2022 may fall by 35-40% due to the war unleashed by Russia, First Vice Prime Minister - Minister of Economy Yulia Svyridenko reported.

 "According to our calculations, according to the macro forecasts made by the Ministry of Economy, the contraction of the economy by the end of the year may be at the level of 35-40%," she said on the air of the national telethon on Friday.

 Svyridenko emphasized that, in addition to victory on the military front, an important task on the economic front is to maintain economic stability and macro-stability and to find ways to stimulate economic activity in the state.

 "If we are talking about this way - to support those enterprises that were already working, have a staff and sales markets and were able to rebuild in the last six months, so that they continue to work actively," said the head of the Ministry of Economy.

 According to her, in addition to the micro-grant program and "eRobota", the government is developing changes to the "5-7-9" program so that enterprises in the frontline regions, whose assets were destroyed, would be able to take a loan and recover.

 As reported, the National Bank predicts a slowdown in the decline of real GDP of Ukraine in the third and fourth quarters of 2022 compared to the same period last year to 37.5% from 39.3% in the second quarter.

 According to NBU estimates, in the first quarter of 2023 the economy will also shrink by another 19% compared to the base of the first quarter of this year, when the decline was 15.1%, and the recovery will begin from the second quarter of next year. In particular, it will be 17.5% in the second quarter, 13.2% in the third, and 12.3% in the fourth.

 In general, based on the results of 2022, the National Bank predicts a decline in GDP by 33.4% and its growth by 5.5% in 2023 and 4.9% in 2024.