"The Ukrainian economy continues to recover, and the fiscal position has improved," the Japan Credit Agency stated.
R & I analysts say that Ukraine’s GDP is growing, inflation is slowing, and a temporary increase in the balance of payments deficit to 3-4% will not affect the country's creditworthiness.
According to agency experts, the public debt to GDP ratio decreased from 69.2% as of the end of 2016 to 52.3% as of the end of 2018.
We recall that in April S&P Global Ratings kept the forecast for Ukraine's GDP growth in 2019 by 2.5% with the devaluation of the hryvnia to 28.6 per dollar.
In the annual terms, the consumer price growth accelerated by 9.6% in May, by 8.8% in April, and by 8.6% in March of the current year.
The core inflation in May 2019 declined to 0.2%, while in April it was 0.4%, in March - 1.2%, in February - 0.2%, and in January - 0.3%. In the annual terms, it remained at the level as in April - 7.4%, compared with 7.6% in March, 7.8% in February and 8.3% in January.
The prices in the consumer market of Ukraine in April increased by 1.0% compared with the previous month. "Inflation in the consumer market in April 2019 compared with March 2019 was 1.0%, since the beginning of the year - 3.4%," the report says.