"Since the end of the Yanukovych era, the average income has decreased by 50 percent," the media outlet noted.
Last October, the World Bank updated its forecast for Ukraine, saying that the country's GDP was expected to contract by 12 percent in 2015, instead of a projected 7.5 percent decline.
The average pension in Ukraine is 80 euros, Junge Welt noted. Those pensioners, who continued to work, received 15 percent less last year. It is not surprising then that in these conditions "more and more" Ukrainians rely on food grown in dacha gardens, which belong to them or their relatives.
Ukraine could well face complete economic failure. Its economy has been plagued by corruption, inefficient reforms and civil war. Billions of dollars in foreign financial assistance have also been unable to help it recover.
Ukrainian leadership blames the country's poor economic state primarily on the ongoing civil war, but Western investors, according to the newspaper, see these claims as an excuse. "What matters is that Kiev authorities have done little or nothing to prevent corruption and insider trading," Junge Welt noted.