For the third month in a row, in the economy of Ukraine there has been a negative trend in industrial production. If urgent steps are not taken to revive the industry, by the end of the year economic stagnation with all the consequences for the country and people can wait for us. The data of the State Statistics Service on industrial production in Ukraine was commented by Rostyslav Shurma, Chairman of the Zaporizhzhia regional organization of the OPPOSITION BLOC.
“Although in general, in 2018 in industrial production there was a slight increase of 1.6%, the first signs of decline were recorded as early as September 2019. In the last three months, there has been a drop in the industrial production index: -0.4%, -2.8 %, -3.3%. A serious drop is observed in the extractive industry -1.6%. A simultaneous downturn in industry and cargo transportation, an outflow of foreign direct investment can be a signal to the probable stagnation of the economy based on the results of 2019,” the head of Zaporizhzhia oppositionists stated.
According to him, the authorities have left to chance the state of affairs in industry. But the decline in production will not pass without consequences. Following it, the volume of investments and taxes will fall, and the reduction of jobs will start. “Without a quick reaction, at the end of the year we risk stating the stagnation of the economy, as a result – another round of labor emigration, hryvnia depreciation, budget deficit,” Rostyslav Shurma emphasized.
The oppositionist stressed that the current authorities have no real industry support program - only empty proclamations. “Populist draft laws, to which the authorities devote so much time and effort, the industry will not revive and the stagnation of the economy will not be prevented. The OPPOSITION BLOC knows how to revive the country’s economy. For this purpose, we have developed “New Industrialization” program, which will give impetus to the development of industry. Its points were included in the program of the presidential candidate from the opposition Oleksandr Vilkul “Peace and Development: Four Steps to Success,” the politician noted.