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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)
  10.10.2024 prev
USD 41.19 41.20
RUR 0.423 0.437
EUR 45.13 45.22

Stock Market
  09.10.2024 prev
PFTS 507.0 507.0
source: PFTS

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