2018 Forecast. What Awaits the Economy?

December 29, 2017

In 2017, economic growth was symbolic – at the level of 2%. Taking into account that throughout 2014-2015, economy has had a 17% drop, – 2017 achievements seem rather modest.

Looking back at 2014, at the time when Russian aggression started, a lot was being said about active restructuring of Ukraine, significant increase of people's income being some of the most important and reliable medicines against separatist sentiment. This could also have a major impact on decreasing the populism surge in the society and political circles.

Regarding the 2018 forecasts, I do not believe that we will reach a 3% GDP increase as planned in the budget. Next year is the time of elections. No one will be willing to take risks and implement unpopular reforms, which in the short term can lead to social tension.

Director of Economic Programmes of the Razumkov Centre Vasyl YURCHYSHYN


Vasyl Yurchyshyn

Director, Economic Programmes

Born in 1955 in Kamyanets-Podilskyi.


T. Shevchenko Kyiv State University, Department of Cybernetics (1977).

Institute of Public Administration and Local Government at the Cabinet of Ministers of Ukraine (1994).

Professor in Public Administration. Author of nearly 100 scientific works.


In 1977–1993, worked at the Kyiv University as an engineer, research fellow and senior research fellow;

1994–1999 — head economic researcher at the International Centre for Policy Studies, Fund for Banking and Finance Development;

1999–2004 — Assistant Professor, Department of Economic Policy of the Ukrainian (currently, National) Academy of Public Administration, office of the President of Ukraine;

1999–2004 — Research Director at the Agency of Humanitarian Technologies, later — Agency for Social Analysis;

2002–2003 — advisor to the Minister of Economy of Ukraine;

since April, 2004 — Professor, Department of Economic Policy of the National Academy of Public Administration, office of the President of Ukraine;

since June, 2005 — Economic Programmes Director at Razumkov Centre.

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