Fitch predicts a 2% GDP growth in Ukraine

Source : 112 Ukraine

Growth of Ukraine’s economy is stalled by Russian aggression in Donbas and reduction of prices on raw materials
21:33, 16 May 2016

112 Agency

International rating agency Fitch forecasts a 2% GDP growth in Ukraine.

According to the agency, Ukraine’s economic growth is stalled by Russian aggression in Donbas, reduction of prices on raw materials and weakened financial sector.

Fitch predicts, that by the end of the year Ukraine’s international reserves, which have currently reduced to USD 12,9 billion, will increase up to USD 17,7 billion, in case the government receives at least USD 8 billion financial aid, including USD 5,2 billion from International Monetary Fund. 

Other influential rating agency Moody’s also predicts GDP growth in Ukraine this year.

IMF forecasts, that Ukraine’s economy will grow by 1,5% by the end of 2016 with 15,1% inflation.

According to the World Bank, Ukraine’s GDP will go up by 1% in 2016.

Related: Moody’s predicts slow rise in Ukraine's GDP

Related: Moody’s: Ukraine likely to receive IMF's USD 1.7 billion tranche before mid-year

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