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Ukraine's GDP during the Premiership of Arseniy Yatsenyuk declined by almost half, the national currency depreciated by almost threefold, and the level of total public debt now is estimated at 80% of the main indicators of the economy of the country. These results on the background of the resignation of Yatsenyuk leads the Ukrainian political scientist Pavel Ivanov in an article published on the website of the TV channel "112. Ukraine".
"Ukraine's GDP during that time, even fell, can I say "fell" heroic death", — said Ivanov. If in 2013 it amounted to $183 billion and showed growth of about 4%, in 2014 the State statistics service averaged only $132 billion and a fall of 28%. The main indicator of the country's economy shrank in 2015 by another 10%. And according to today's experts, the real figure for these two years has decreased almost twice and is around $80 billion hryvnia In the same economy is showing unprecedented growth.
the Threefold devaluation of the national currency
If on the day of appointment of Arseniy Yatsenyuk Prime Minister (27 February 2014) the dollar in Ukraine cost UAH 9.5, by April he had risen to 11 hryvnia. As a result, the rate gradually crept up to 26 hryvnias per dollar.
"Almost threefold devaluation of the national currency can be considered a joint achievement of the government and the NBU," reads the article.
Record growth of prices and debts
the price Growth for the last two years was the same record as the fall of the national currency together with the production. At practically zero rate in 2013 rates next year rose by 25% and 43% in 2015.
the IMF at the end of April 2014 approved a loan program "stand by" (reserved loan) for Ukraine in the amount of $17.1 billion, is two years. In early may of last year Kiev received the first tranche of $3.2 billion, in August — the second in the amount of $1.7 billion, the third tranche expected in December of 2015, but the Ukraine has received.
"Indicative figures of debts of Ukraine, if translated from dollars to hryvnia. If the currency we are seeing a reduction in debt in the last two years, in UAH — a sharp rise from 500 billion to 840 billion hryvnias according to the results of 2014 and his fixation on approximately the same level today. Moreover, this growth occurred due to the direct borrowings of the state" — emphasizes the author.
as a result, today's total debt is estimated at 80% of GDP.
the tariff Increase requested by the IMF
One of the main requirements of the IMF to continue lending to Ukraine, which the government strictly adhered to, — the increase in utility tariffs to the economically justified level. So the electricity tariff after all previous increases by 2017 is expected to grow almost twice. Not less than one and a half times promise and growth of tariffs for gas and heating. Gas for two years has risen from a minimum of 1.2 hryvnia per cubic meter in may 2014 to 7.2 hryvnia. Significantly increased tariffs for heating. Only in 2014, the Ukrainians had to pay instead of 2-3 hryvnias for sq. m of living space for 8-9 USD. But by may 2015 prices jumped to 15-16 USD. As a result, the average cost of utility bills for a standard 2-room apartment near many grew up with the usual 300 UAH ($12) per month to a thousand or more (about $40).
"non-Russian gas" and the decline of trade with the EU
Now the Russia gas Ukraine buys. And the government considers it as his victory in the fight for energy independence. "While modestly silent that the gas, which now comes through the Western border, it's still the same Russian gas, only resold to Ukraine for European companies, — emphasizes the analyst. — The actual results of the Ukrainian "Treaty position" on the energy we now receive in the form of growth of payments for utilities, against their decrease all over Europe after the significant decline in energy prices".
Significant changes have occurred in trade relations. For example, in 2014 export of Ukrainian goods decreased by 14% to $53 billion, But the real collapse has occurred in 2015. According to its results Ukraine has supplied to foreign markets is 30% less goods than in not very successful 2014, for a total of $38 billion thanks to the further rate of decline of imports, the country managed to reach a positive trade balance of $630 million
Changes occurred in the structure of trade relations. If earlier they can be divided into three conditional groups, a comparable volume (of the CIS countries (the lion's share in trade which belonged to Russia), the EU and all other countries of the world), today the volume of trade with the CIS fell significantly — from $27 billion in 2013 to $18 billion in 2014 and to $7 billion in 2015. Exports directly to Russia fell from $15 billion to $10 billion and further to $4 billion, respectively.
has declined Significantly and trade with the countries of the EU. But if in the case of the CIS the fall only in 2015 amounted to more than 50%, with the EU limited to 25% for volume of $13 billion
As before, the basis of Ukrainian exports are ferrous metallurgy, which accounts for about half of total supply, and agriculture.
the Growth of wages unadjusted for inflation
Despite all economic problems, surprisingly stable is the situation on the labour market. According to the state statistics service, in 2015 the number of unemployed across the country totaled less than half a million people, or about 3% of able-bodied citizens. However, if we consider the methodology of the International labour organization, the unemployment rate abruptly increases to 10%. In total, 16.5 million able-bodied citizens account for more than 1.6 million unemployed.
this statistic was recorded wage growth. For example, in 2014 the average salary has increased from 3.3 thousand to 3.5 thousand UAH, and in 2015 to 4.2 thousand. But taking into account inflation and other indicators, real wage growth ceased in 2013, and in 2014, the real wages of the average Ukrainian was almost 10% lower than a year earlier, and in 2015 it decreased by 20%.
Despite all these indicators, Yatsenyuk has repeatedly tried to convince Ukrainians that his government is the most successful in recent years.
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