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Moody’s: Ukraine’s GDP will grow by 3.5%

The Agency has improved the forecast on growth of economy of Ukraine

The Agency claim that the economy is gradually recovering.

The growth of the gross domestic product of Ukraine next year will be at 3.5%. The forecast for Tuesday, December 12, did the international rating Agency Moody’s.

“GDP growth to accelerate to 3.5% next year from 2.0% in 2017,” predicts the Agency.

The Agency’s experts noted that Ukraine’s economy will continue its gradual recovery after a deep recession in 2014-15, while inflation will decline.

“Domestic demand was weak, but will grow in 2018. Event risks remain high external liquidity and the banking system is weak,” the Agency said.

Meanwhile, Moody’s analysts believe that geopolitical risk is associated with the loss of territorial sovereignty in the Crimea and in the Donbas, where the fighting never completely stopped despite the agreement on ceasefire in Minsk, which was signed in February of 2015 .

Earlier the President of Ukraine Petro Poroshenko noted that the gross domestic product of Ukraine has been growing for six consecutive quarters.

The budget for 2018. What to expect ordinary Ukrainians

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