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Stronger hryvnia will shave 0.5% off economic growth in 2021: report
Journal Staff Report

KYIV, July 29 The strengthening of the hryvnia in 2021 from projected UAH 29.10/$1 to UAH 28-27/$1 will cost the economy 0.2-0.5% of GDP, the Ministry for Economic Development, Trade and Agriculture said in an explanatory note to the draft resolution with a revised macroeconomic forecast for the next three years.

According to the document, with an average annual exchange rate of UAH 27/$1, the growth of real GDP compared to the baseline scenario in 2021 will decrease 0.5 percentage points (pp), with the rate of UAH 28/$1 it will fall by 0.2 percentage points.




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Currencies (in hryvnias)
  14.08.2020 prev
USD 27.41 27.53
RUR 0.372 0.375
EUR 32.42 32.56

Stock Market
  13.08.2020 prev
PFTS 500.1 500.1
source: PFTS

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