S&P Global Ratings: Ukraine’s GDP may grow by 2 percent by 2019

Source : 112 Ukraine

Agency confirms country’s ranking in foreign currency at ‘B’ level
21:31, 10 June 2016

According to the S&P Global Ratings most recent report, the forecast of Ukraine’s long-term financial ratings is ‘stable’, Interfax reports.

‘Ukraine’s ratings have confirmed, which reflects stabilization of the country’s macroeconomic environment in 2016. For the first time in nine quarters, the economy resumed growth in Q1 2016, and the inflation melted', the report says.

According to the report, in 2016, Ukraine’s GDP will grow by 1 percent by the end of the year. Thanks to acceleration of growth, the average economic growth ratio will make 2 percent in 2016-2019. ‘The stable forecast is based on our opinion that in the next 12 months, the Ukrainian government will keep the access to means of official loan programs, while implementing reforms in budgetary, financial and economic areas’, reads the message.   

Related: U.S. fund launches 5.6 million dollars-worth economic development program to support Ukraine

Related: Ministry of Economic Development predicts Ukraine's economy shrink 3.5% for 2017

Related: Miklos: Lack of reforms, Russia’s military and economic aggression caused recession in Ukraine

Related: Balcerowicz: Ukraine starts economic recovery

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