KIEV, April 14 – Standard & Poor's Ratings Services forecasts that the gross domestic product of Ukraine in 2015 will fall 7.5% compared to a 6.8% fall in 2014, but will grow 2% in 2016, 3.5% in 2017 and 4% in 2018.
The agency said this in a report on lowering its long-term foreign currency sovereign credit rating on Ukraine to 'CC' from 'CCC-'.
S&P expects the average acceleration of inflation from 12.2% last year to 35% this year, which will be followed by its sharp slowdown to 12% and 8% in 2016 and 2017, respectively.
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