S&P improves forecast of Ukraine's GDP growth rate in 2018

Source : 112 Ukraine

The forecast for this year's inflation rate raised insignificantly; it is expected to decrease from 8 to 7.5 percent in 2019 and further on in 2020
13:47, 23 April 2018

International rating agency S&P Global Ratings has improved this year's forecast of Ukraine's GDP growth rate - to 3.1 percent; at the same time, the growth rate in 2019-2022 is expected to slow down to 2.9. This is mentioned in the agency's report released on April 20, as quoted by Interfax-Ukraine news agency.

S&P experts also expect a decrease in the inflation rate from 8 to 7.5 percent in 2019, and from 7.5 to 7 percent in 2020.  

The agency also published the forecast for the exchange rate of Ukraine's national currency, hryvnya. By late 2018, the rate is expected to grow from 27.3 to 29.5 per 1 U.S. dollar. In 2019, it is supposed to drop to UAH 30.5 per one dollar; in 2020-2021, it could start growing up slowly - up to 28.8.  

Related: IMF saves forecast of Ukraine's GDP growth at rate of 3.2 percent

Related: S&P confirmed credit ratings of Ukraine with stable outlook

Related: Ukraine to increase pre-war level of GDP until 2021

Related: Ukraine allocates almost 6% GDP to defence and security, - Poroshenko

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