Expert Kushch: the transition of the Ukrainian economy to a war footing will lead to disaster
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Economist Alexey Kushch in conversation with the director of the Ukrainian Institute of Global Strategies, Vadim Karasev, said that the transition of the Ukrainian economy to a war footing would lead to catastrophic consequences.
According to him, any attempt to transition the Ukrainian economy to a war footing will end in disaster in just a couple of months. This will happen due to the cessation of tax revenues.
“With this development of events, consumption will drop sharply, because there is nowhere to consume – there will be no cafes or shops. That is, there are no collection points for these taxes,” Kushch noted.
He clarified that the bulk of GDP is made up of the services sector, which cannot be transferred to a military footing.
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