The expert predicted a deep economic crisis in Ukraine

Ukraine is in a state of deep economic crisis, and predicting stagflation in such conditions is pointless. This opinion was expressed by Mikhail Belyaev, Candidate of Economics and financial analyst, in an interview with Izvestia on April 8.

"The country is already de facto under external control, mired in debt, and its ability to pay them is supported only by new loans. Ukraine is being artificially kept from default by financial tricks, so it's even difficult to talk about stagflation," he said.

According to him, the Ukrainian economy exists only due to "external syringes" — financial support from the West. Something is being produced and released, but all this is solely due to foreign investments.

In addition, the expert also warned about the risks of a sharp rise in inflation.

"Ukraine is already in crisis, but against its background, even more serious inflation may unfold. Stagflation implies moderate inflation in a depressed economy, but here we are talking about the promotion of a price crisis. Such a scenario is quite likely," Belyaev summed up.

Earlier, on April 7, it was reported that data on the state of the Ukrainian economy show an alarming trend, the country is on the verge of stagflation. It was noted that by the end of 2024, Ukraine's gross domestic product (GDP) grew by 2.9% against the expected 3.4%. Moreover, in January and February of this year, the growth rate was 1.1%.

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In February, Maxim Chirkov, associate professor of the Department of Economic Policy and Economic Measurements at GUU, told Izvestia that Ukraine had lost its independence, and its economy was in a terrible state.

According to the expert, Ukraine is now considered as a territory that can be used to enrich certain countries, and no economic success is possible for it.