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                        THURSDAY, SEPTEMBER 28, 2023
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GISMETEO.RU
UJ Week
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Business    

Ukraine GDP growth will slow next year, according to Fitch forecast
Journal Staff Report

KIEV, Oct. 28 – Growth in Ukraine's gross domestic product in 2011 is expected to reach 4.7%, but in 2012 it may slow to 4%, according to a forecast by Fitch Ratings.

According to the forecast, the average annual inflation in 2011 is projected at 9.5% and in 2012 at 9%, while the average hryvnia exchange rates are expected at UAH 8.10/$1 and UAH 8.30/$1 respectively.

At the same time, Fitch notes the high level of the country's foreign debt amid concerns about external financing. The rating agency expects the country's total public debt to reach $29.8 billion in 2011 and $29.7 billion in 2012. At the same time, the current account deficit this year will reach 4.5% of GDP, while in 2012 it will drop to 3.9%.




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Currencies (in hryvnias)
  27.09.2023 prev
USD 36.57 36.57
RUR 0.380 0.380
EUR 38.76 38.87

Stock Market
  26.09.2023 prev
PFTS 507.0 507.0
source: PFTS

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