Oleksiy Honcharuk, the Prime Minister of Ukraine, declared an ambitious goal for Ukraine: the economy should grow 40 percent over the next five years (approximately 7 percent per year). Ukraine’s President Volodymyr Zelensky is equally optimistic and believes that the economy is on the verge of a breakthrough. We all want the Ukrainian economy to grow fast, a critical condition for the success of the Ukrainian state. And we all agree that the Ukrainian economy has the potential to grow fast. But is this sustained spurt in economic growth a likely outcome? This post gives a statistical perspective on this question.
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Ukrainian Prime Minister Oleksiy Honcharuk reacts after the vote on land sale reform during a session of the Verkhovna Rada in Kyiv on Nov. 13, 2019.
