The international rating agency Fitch Ratings predicts acceleration of growth of the Ukrainian economy from 3.2% in 2019 to 3.5% in 2020, Interfax-Ukraine reports.
The agency notes that economy growth supported by private consumption and investment will accelerate to 3.8% in 2021. At the same time, growth and investment prospects depend on timely implementation of reforms in the field of ensuring the rule of law, the fight against corruption, the work of customs and tax services.
Thus, the opening of the land market will be positive for economic growth in the near future due to increased consumption (as result of land sales) and expected increase in the demand for loans for the agricultural sector.
Fitch also noted the risks of slowing growth for emerging markets due to the uncertainty of the impact of the coronavirus on global growth and commodity prices.
Agency expects inflation in Ukraine to 4.6% in 2020 and 5.3% in 2021.
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