KYIV, July 17 – Ukrainian businesses worsened their output expectations due to growing inflation forecasts and weakening local currency, the hryvnia, in 2020, according to a survey by the National Bank of Ukraine.

Inflation is now expected to hit 7% over the next 12 months, up from 5.1% previously, while the hryvnia is expected to trade at UAH 28.28/$1 from UAH 26.01/$1.