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Economy Ministry: Informal economic sector accounts for Ukrainian GDP 40%
05.07.2016 19:13 "Agro Perspectiva" (Kyiv) —
The shadow economy is estimated to account for 40% of Ukrainian 2015 GDP, UNIAN says referring to the Ukrainian Ministry of Economic Development and Trade special report.
«On the one hand, the informal sector revenues of all economic entities becomes a source of unequal distribution of income between different population groups and economic sectors, leading to growing social controversies and economic imbalances,» the report runs.
«On the other hand, the informal sector of economy provides some kind of a „safety cushion,“ mitigating the impact of an unfavorable business environment in which domestic businesses have to operate,» the report notes.
As to the report, at the same time, it is indisputable that a significant share of the shadow economy contributes to the deepening of imbalances and becomes one of the major Ukrainian economic security challenges.
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