Oxford Economics presents more sober forecast.

Monday, August 30, 2021

While official Kyiv is claiming that the economy is rebounding, not everyone’s so optimistic. Oxford Economics has just downgraded the forecast for GDP growth in 2021 to 4% from 4.4% in the July forecast. Moreover, the risks of further lockdowns and likely tightening of fiscal and monetary policy have led to a deterioration in the forecast for economic growth in 2022 from 4.2% to 3.5% It expects inflation to average 9.2% this year, with further declines to 6.7% and 5.4% in 2022 and 2023. It also stresses that in 2022, Ukraine will have to pay $ 6.5 billion on public debt.

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