Raiffeisen Bank International: Ukraine’s economy will fall by 3% in 2020

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Open source

According to the analytical report issued by the Raiffeisen Bank International, Ukraine’s economy will fall by 3% this year due to the influence of the coronavirus epidemic and related restrictions, UNIAN reports.

“Ukraine will be able to maintain economic and financial stability only if it receives serious support from the International Monetary Fund,” the report reads.

At the same time, this year the economy of Poland will fall by 2%, Hungary – by 3.5%, Czech Republic – by 5.2%, Slovakia – by 6%.

The experts predict a 4% drop for the EU zone economy in 2020.

As The Journalist reported, Average annual hryvnia exchange rate is projected at UAH 29.5 per 1 US dollar.

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