KYIV, March 16 – S&P Global Ratings has revised downwards its forecast for Ukraine's real GDP growth in 2020 to 2.5%, expecting that it will accelerate to 3.2% in 2021, and stabilize at 3% in 2022-2023.

"In our view, Ukraine would have to attract more investment flows from abroad for a more meaningful and sustained pick-up in growth. In this context, the current government's legislative efforts to effect land reform could lift growth over our current projections as could improvements in the business environment," S&P said.