For a long time the number of people living below the poverty line in Ukraine was gradually decreasing. However, due to the conflict in the eastern part of the country this number is expected to increase again.
The war in Donbass brought the Ukrainian economy to its knees. A significant part of the population became poorer due to soaring inflation and loss of jobs caused by the war, the study said.
Fitch Ratings Inc. predicted that the hryvnia, Ukraine's currency, will devalue by 97 percent compared to 2014.
Meanwhile, the World Bank predicted that the Ukrainian economy will shrink by almost 8 percent in 2015.