Ukrainian economy awaits a prolonged decline

Such forecast was published by the International rating agency Fitch Ratings.

As Unian writes, according to international experts, Ukraine’s economy will shrink by 6.5% in 2020.

According to the forecast of Fitch Ratings, after the contraction of the economy is expected to recover, which will be 3.8% and 3.5% in 2021 and 2022 respectively.

Economists are confident that Ukraine’s total public debt will increase to 57.4% of GDP (65.1%, including guarantees) and 60% by 2022, from 44.4% (50.4%, including guarantees) in 2019. Fitch forecasts that Ukraine’s public debt will stabilize at around 60% in 2022-2023.

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