Agrinews

July 14, 16:27 Source: APK-Inform Views: 93

Ukraine: the GDP rate to decrease by 7%, inflation — by 15%

The International Rating Agency, Standard & Poor's declared in 2014 in Ukraine the GDP rate will decrease by 7%, inflation – by 15%.

Also, the Agency forecasts the GDP in 2015 at 0%, in 2016 growth by 3%, in 2017 – by 4%.
At the same time, S&P expects in 2014 in Ukraine nominal GDP rate at the amount of 135 bln USD, in 2015 – 144 bln USD, in 2016 – 160 bln USD, in 2017 – 182 bln USD.

The rate of inflation to total 8% in 2015, 7% in 2016, 6% - in 2017.

Also, S&P raised its forecast on CCC rating for Ukraine to “stable” and confirmed the long- and shirt-term Ukrainian ratings in foreign exchange at the level B-/B.

The Agency mentioned that geopolitical risks, and risks on foreign security are the major danger for successful execution of International Monetary Fund program.

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