**Ukraine’s Economy Shows Signs of Strength**
Despite facing severe challenges, Ukraine’s economy is showing surprising resilience. The country’s GDP remains a quarter smaller than in 2021, but it is now outperforming Russia in some key areas.
**Key Indicators**
According to reports from The Economist, Ukraine’s National Bank forecasts a 4% growth in GDP for 2024 and 4.3% in 2025. The country’s currency remains stable, and the interest rate is at its lowest point in 30 months – 13.5%.
**Russia’s Economic Woes**
In contrast, Russia’s economy is struggling. The country’s banks are in a fragile state, and GDP growth is forecast at only 0.5-1.5% in 2025. Rates could soon reach as high as 23% to try and stem the fall of the ruble.
**Ukraine’s Economic Endurance**
Ukraine’s economic endurance can be attributed to innovative adaptations such as establishing its own maritime corridor and diversifying energy sources. This has created a crucial second front in Ukraine’s fight against Russia, showing that the country is capable of withstanding and even outperforming its adversary in certain areas.
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