KYIV, Feb 7 – Ukraine’s economy will grow 2.9% in 2022, slowing from 3.0% growth in 2021, due to a slow increase in wages and private consumption that will curb domestic demand, Fitch Ratings said in a forecast.

"GDP growth is projected to pick up to 3.5% in 2023... inflation remains elevated at close to 10% in 1H22 (with a further 200bp NBU policy rate rise to 12%)," the Fitch said on Saturday in report on revising Ukraine's rating outlook from Positive to Stable and affirming it at "B."