Fitch forecasts Ukraine’s GDP will grow by 4.1% in 2021

Fitch forecasts Ukraine’s GDP will grow by 4.1% in 2021

Ukrinform
International rating agency Fitch Ratings forecasts that Ukraine’s GDP will grow by 4.1% in 2021.

“We forecast GDP growth of 4.1% in 2021 driven by private consumption, higher agricultural output and a partial recovery in investment,” reads the report posted on Fitch Ratings website.

At the same time, the agency forecasts Ukraine’s GDP growth edges down to 3.8% in 2022, “in line with declining economic slack and withdrawal of policy stimulus”.

According to Fitch, the second wave of Covid-19 has been much more severe than the first but the mortality rate is declining and we assume economic restrictions remain limited.

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