- Analytic

Pessimistic forecasts of poverty in Ukraine for 2023 did not come true

The forecasts of economists regarding the growth of poverty in Ukraine for 2023 did not come true. It actually remained at the level of 2022.

In an interview with RBC-Ukraine, doctor of economic sciences, head of the department of research on the standard of living of the population of the Institute of Demography and Social Research, Lyudmila Cherenko, told about this.

“We made a poverty forecast in April 2023, and then revised it in November. In the explanatory note for the year 2024, we gave data on how the end of 2023 was expected in terms of macro indicators,” said Cherenko.

According to her, the April forecasts showed that poverty will increase in 2023 compared to 2022. “Because poverty is a phenomenon that stretches over time, it manifests itself immediately. People have savings, some opportunities to use additional reserves (relatives, temporary jobs),” the economist added. However, as Cherenko pointed out, the forecasts regarding the growth of poverty for 2023 did not come true.

“In 2022, the poverty level increased one and a half times, but in 2023 we expected a further increase – from 60% to 67%. But it happened that poverty actually remained at the level of 2022, it did not increase. Certain social indicators remain at a lower level levels than in 2021, but do not collapse further,” the economist said.

We will remind you that earlier we reported that the level of poverty in Ukraine fell to the level of 2002. If Ukraine maintains positive macro-dynamics, there should be no increase in poverty.

According to the State Employment Service, the official unemployment rate in Ukraine fell by two times. In December 2023, there were more than 96,000 registered unemployed people in Ukraine, compared to 186,500 in the same period a year ago.