How is Ukraine’s software industry weathering the war?
The sector has proved resilient, but the outlook is darkening
BATTERED BY THE war, Ukraine’s economy will shrink by nearly a third in 2022, according to the country’s central bank. But one sector has fared much better than most. The Ukrainian IT Association, a tech-industry body based in Kyiv, the capital, reckons that in the first six months of this year software exports grew by 23% compared with the same period in 2021. Only 2% of Ukraine’s 5,000 software companies have folded this year. Why has the industry been so resilient, and what’s next for the country’s coders?
This article appeared in the The Economist explains section of the print edition under the headline “How is Ukraine’s software industry weathering the war?”
From the November 26th 2022 edition
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