Financial analyst Oleksiy Kush criticized Ukrainian economic policy for failing to effectively use financial aid from Western partners during the last two years of full-scale war. In his opinion, instead of reformatting the economy in accordance with the requirements of the war, the National Bank remained within the old financial schemes, which led to an unprecedentedly high level of unemployment.
Kush claims that Ukraine was given a unique opportunity to rebuild its economy thanks to Western financial aid, but this opportunity was not used. "We could reshape the economy at the expense of this feeding, but unfortunately, this did not happen," he emphasizes. As the main reason, he points to the inefficiency of the leadership of the National Bank, in particular Andrii Pyshny, who, according to Kush, "is comfortable in a warm bath."
The economist believes that ignoring opportunities for economic recovery has led to a catastrophic level of unemployment — about 15%. "This is an unacceptable level of unemployment for a country at war," he notes. Kush compares the situation in Ukraine with countries that effectively implemented economic models in the conditions of war, where the level of unemployment was always minimal.
Oleksiy Kush believes that in order to restore the economy, Ukraine needed to launch a regenerative circulation model and use financial flows for the real sector of the economy. Instead, according to the analyst, these flows were directed to financial speculation. He also criticizes the lack of managerial synergy in the public sector, noting that appointments to key positions based on personal loyalty rather than professional qualities negatively affect the effectiveness of economic policy.
Kush emphasizes that proper management of economic policy could ensure economic growth at the level of 10% per year, and the level of unemployment at the level of 2-3%. However, for now the situation remains difficult, and the need for changes in economic policy remains urgent.
