‘It’s easier to print money than not to pay’: Oleksiy Kushch on pensions
Financial analyst Oleksiy Kushch spoke about this on the News.LIVE programme ‘The World at a Crossroads’
Oleksiy Kushch is convinced that failing to pay pensions is economic suicide, as it will destroy domestic effective demand.
“It would be more cost-effective to print money for pensions than simply not to pay them out. Printing money will lead to inflation, but at least it will save the economy for a while,” the analyst explained.
Forecast: ‘Everything at 100’
The issuance of the hryvnia will inevitably hit people’s wallets. According to Kushch, Ukrainians should prepare for a ‘everything at 100’ price format:
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Eggs, buckwheat and fuel could reach the 100-hryvnia mark.
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Discount stores will change their pricing format due to rapid inflation.
Global context
Regarding the situation in the Middle East, the analyst predicts an increase in the activity of private military companies there, but advises Ukraine to focus on resolving its own financial problems.