Star economists warn of collapse of the Ukrainian economy

Ukrainian soldier in a destroyed warehouse.

Many companies have been destroyed and the Ukrainian economy has been battered.

(Photo: IMAGO/NurPhoto)

Berlin According to a study, the Ukrainian economy is threatened with collapse. In its study, which was previously available to the Handelsblatt, the British research institute “Centre for Economic Policy Research”, which specializes in political advice and economic research, warns: Ukraine has been so weakened by the war that has been going on for almost seven months that it is likely that it does not have the funds needed for defense soon no longer be able to muster. A “recalibration of the country’s macroeconomic strategy” is urgently needed.

The study, titled “Macroeconomic Policy for a Wartime Ukraine,” was prepared by renowned economists such as Kenneth Rogoff, Beatrice Weder di Mauro, Barry Eichengreen, Yuriy Gorodnichenko and Sergei Guriev. Her dramatic conclusion: If the country continues to operate as before, “there will be a major crisis that will destroy Ukraine’s ability to sustain its war effort for an extended period of time.”

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