The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms.
Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of Ukraine. The event was organized in Brussels under the auspices of the Ukrainian Think Tanks Liaison Office in Brussels together with the Bruegel think tank and the Kyiv Center for Economic Strategy.
“Ukraine has the potential for much greater economic growth than has been achieved before. It can provide 6% or 7% of sustainable growth per year, because its potential allows it, and the potential is not fully used. This is possible only if the reforms are carried out, and especially if there is the inflow of foreign direct investment, which is a source of “fast” investment,” the strategic advisor emphasized.
Commenting on the idea of declaring a default in Ukraine, Ivan Miklos noted that he saw no reasons for such a scenario. (Ukrinform/Business World Magazine)