President of the European Business Association (EBA), CEO of Dragon Capital Tomas Fiala says Ukraine’s economy may accelerate to 4% in 2020 with inflation at 5.2%.
“We expect GDP growth at 4% this year, and at 3.7% next year, while inflation at 5.2% this year and at 6.1% in 2021,” he said at an EBA conference.
According to Fiala, the current macroeconomic situation in Ukraine is very favorable, whereas businesses’ expectations as of the beginning of 2019 turned out to be more pessimistic than the year’s actual results.
“Last year turned out to be better than we expected at the beginning of the year, the hryvnia strengthened by 17%, while inflation dropped to 4.1%. Moreover, reserves expanded and the economy grew by 3.3%, according to the year’s results,” the expert said. (UNIAN/Business World Magazine)