What is Ukraine’s Economic Outlook for 2024?

As 2024 begins, the outlook for Ukraine is generally pessimistic, with foreign aid dwindling and the counter offensive stalled. But there is cause for optimism: Ukraine’s businesses and the economy remain resilient. Since the beginning of the full scale invasion, the business sector has been one of the flexible, not collapsing in the way many predicted. Ukrainians’ entrepreneurial spirit has maintained, and in fact flourished, with huge numbers of small businesses being founded since 2022.

In this episode, we take a look at how this has happened despite the tumult of the past two years. We explore Ukraine’s economic and business outlook up until now, the kind of reconstruction projects currently underway, and what needs to happen in 2024 to ensure Ukraine’s economic, as well as military, success.

Joining us this week is the business editor here at the Kyiv Independent, Lili Bivings. Lili is originally from Washington DC and served in the Peace Corps in Ukraine from 2017 to 2020, before joining us at the Kyiv independent. You can find her writing in her weekly business roundup on our website.

Check out insights.Kyivindependent.com for more in depth analysis of the War in Ukraine, and follow The Kyiv Independent on Twitter and Facebook, and Instagram to get latest news and to stay up to date with our coverage.

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