‘The growth of the GDP will fasten by 3.5% next year (2.0% in 2017)’, the agency predicts.
Moody’s thinks that the economy of Ukraine will continue to recover step by step after the deep recession in 2014-2015 and the inflation will decrease.
‘The apparent demand was weak but it will continue to grow in 2018. The event risks are still high, the external liquidity and the banking system are weak’, the agency noted.
Moody’s thinks that the geopolitical risk is connected with the loss of the territorial sovereignty in Crimea and Donbas and the combat actions did not ever completely stop despite the agreement on the ceasefire in Minks that was signed in February 2015.
As we reported earlier Moody’s updated the base credit rating of five banks: PrivatBank, Oschadbank, Ukreximbank, Raiffesen Bank Aval and Prominvestbank and confirmed the rating of Pivdennyi Bank.