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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)
  22.09.2020 prev
USD 28.20 28.17
RUR 0.369 0.373
EUR 33.20 33.35

Stock Market
  21.09.2020 prev
PFTS 500.2 500.2
source: PFTS

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