After the shock of the first days of the war, the Ukrainian economy has begun to adapt to wartime conditions
Since the start of the war, about half of the Ukrainian economy has shut down, said Sergiy Nikolaichuk, Deputy Governor of the National Bank of Ukraine. About 30% of enterprises completely stopped their activities, 45% — reduced production. Altogether, there is a 40-50% decline in business activity. Although the data might not be relevant for the whole country, because more or less normal economic life continues in Western Ukraine. The most affected are the areas where hostilities continue. Other areas suffer from supply chain disruptions and labor losses due to people leaving for national defense and forced migration.
However, after the shock of the first days of the war, the Ukrainian economy has begun to adapt to wartime conditions. The Ukrainian financial sector continues to function properly: banks provide payments, there are no problems with cash hryvnia, and financial stability is maintained.
