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By the end of the year, the Ukrainian currency will drop in price to 29 hryvnia per dollar, according to analysts at the agency.
The international rating agency S&P Global Ratings predicts the hryvnia exchange rate of 29.5 per dollar by the end of 2021. This is indicated in the agency’s review.
At the same time, in 2022, the exchange rate of the hryvnia is projected at 30 hryvnia per dollar, in 2023 at 30.5 hryvnia per dollar, and by the end of 2024 at 31 hryvnia per dollar.
Inflation this year is projected at 7.7%, in 2022 – 5.5% and in 2023 and 2024 – 5% each.
GDP growth this year is expected to be 4%, next year – 3.5%, in 2023 and 2024 at 3%.
Nominal GDP over the years is projected at $ 156 billion, $ 165 billion, $ 176 billion, and $ 187 billion, respectively.
Unlike many other European countries, Ukraine’s GDP proved to be relatively resilient to the global pandemic last year, as the service sectors most at risk due to social distancing (arts, entertainment, recreation, retail, accommodation and catering ) represent approximately 2% of GDP. .
Note that, according to the Cabinet of Ministers’ forecasts, in the next three years the rate of the dollar will not exceed 30 hryvnia. In the worst case, the dollar will exceed 30 UAH in 2024 and, in the best case, it will not exceed 29.2 UAH.
At the moment, the official rate of the hryvnia is set at 27.6 per dollar.
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