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GISMETEO.RU
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Business    

Ukraine’s economy to contract 5.2% on year in 2020: Oxford Economics
Journal Staff Report

KYIV, May 15 – Ukraine's economy will contract by 5.2% in 2020, but will probably resume growth and expand by 3.6% in 2021, analysts from Oxford Economics predict.

The economy is still able to return to growth by an average of 3-4% when major industrial consumers exit the recession and low domestic interest rates begin to stimulate investment, Oxford Economics said.

Nevertheless, analysts note the continuing risks of a prolonged weakening demand.




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