Business expectations fell to their lowest level in five years, according to the National Bank’s latest quarterly survey of company executives. The second quarter level was 91%, a sharp drop from the Q1 level of 110.5%. Business leaders expected inflation to deteriorate to 7% by the end of this year and the hryvnia exchange rate to hit UAH 28.28 / $1. “For the first time since the first quarter of 2016, enterprises expect a reduction in the production of goods and services in Ukraine,” the central bank reports. “Almost half of enterprises expect the worst dynamics, and only every seventh company – production growth.”
Business expectations fell to their lowest level in five years
