Ukraine’s Economic Comeback!

Ukraine’s Economic Comeback!
 

By James Brooke

🔵 Dragon Capital predicts Ukraine’s GDP will grow this year by 5.3%, Tomas Fiala, the investment bank’s CEO, said yesterday at the European Business Association. This would bring the GDP to $171 billion, “a figure comparable to 2013, although we have lost part of the country and part of the economy,” Fiala said, referring to Russia’s 2014 occupation of Crimea and half of the Donbas. Fiala, who also is EBA president, predicted the exchange rate will end this year where it started – 28 hryvnia to the dollar.
🔵 In the last quarter of 2020, Ukraine’s economy returned to pre-crisis levels, the same level as in Q4 2019, he said. “We expect that last year’s GDP fell by only 4%,” Fiala said.  “This is one of the best results in Europe. Only Poland fell a little less.”

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