KYIV, Dec 11 – Since the last review in June, the international rating agency Fitch Ratings has raised its GDP growth forecast for Ukraine in 2023 from 3.5% to 5.1% on further business adaptation to war conditions, improved consumer confidence, and agriculture growth.

"We project slowing sequential economic recovery towards year-end, and full-year GDP growth of 3.8% in 2024 and 4.5% in 2025, with upside risks from abating intensity of the conflict, sizeable return of migrants, and greater restoration of Black Sea port export capacity," Fitch said in a press release affirming Ukraine's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CC'.