First 100 Days of Government: Navigating Economic Stabilization and Strategic Balance
The initial hundred days of Ukraine’s new government marked a crucial phase in implementing strategic objectives aimed at stabilizing the economy and laying groundwork for future growth.
Amid ongoing military challenges and internal economic difficulties, the government focuses on ensuring financial stability while balancing immediate survival needs with measures to foster gradual development.
According to the Ministry of Economy, Ukraine’s GDP from January to August 2025 increased by only 1.4%, significantly below the forecasted figures.
Major factors limiting growth include ongoing warfare, energy infrastructure destruction, tight monetary policies, labor shortages, and rising energy costs.
Conversely, fiscal stimulus measures, logistical transport corridors, and external aid remain key motivating factors.
Inflation, although decreasing from a peak of 15.9% in May to 11.9% in September, remains elevated, complicating currency market conditions.
The National Bank continues active interventions, increasing currency operations which exert pressure on the hryvnia.
The trade deficit widened, with exports declining at 4–5%, while imports surged 2-3 times faster.
Economic recovery is hampered by low investment activity, although external aid helps offset the payment balance deficits.
Fiscal deficits are reducing, yet most government expenditures continue to prioritize defense, offering limited immediate economic impact.
Analysts emphasize the need for a clear wartime economic strategy and accountability in its implementation.
Despite recent challenges, economic indicators for the third quarter hint at potential recovery, driven by increased grain harvests and stabilization of the energy sector, promising some improvement by year’s end.