It became known, what will be the dollar rate in Ukraine in 2020
As reported Politeka, it informs the press service of the Ministry of economic development.
It is noted that experts from the Ministry of Finance, NBU, MEDT, state statistics and the IMF examined the economic prospects of Ukraine in 2020.
So, analysts concluded that the dollar exchange rate next year may reach UAH 27,3/$, and the level of GDP, in turn, will grow by 3.2%.
It should be noted that the latest forecasts from the experts are much better than the previous. Previously, they argued that the dollar by the end of 2019 will be 28 UAH/$, and in 2020 may rise to 29,18 UAH/$.
Also improved forecasts for GDP growth. It is expected that by the end of 2019, this figure will reach the level of 3.2% (in April, we expected a 2.7 percent). The same expectations (+3.2%) and the growth of the economy in the next year.
As for rising prices, the previous forecasts were better. Leading economists argue that believe that it will account for about 6.3%, although previously they had forecast it at the level of 6%. The economy Ministry reminded that these figures are only average opinions of different experts
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Previously, we reported on how a stir with the dollar affects the price of products in Ukraine. Despite the strengthening of the hryvnia to the dollar, food prices did not fall, but only grow. One of the reasons was the risk that the sellers put in the cost of goods.
Experts point out that in countries with an unstable economy risks especially high, and the exchange rate is unstable. According to the head of the Association of retailers Alexey Doroshenko, the strengthening of the hryvnia continues almost throughout the year, but producers are the sellers still “prepare for the worst”. While Doroshenko says that at higher rates would grow much faster.
“Prices are now growing more slowly than at a constant rate, especially when growing. Inflation is falling. For example, at the end of 2018, it was 9.8 per cent to 13.6 per cent. The main factor that causes the reduction of inflation, is what strengthened the hryvnia,” – said Doroshenko.
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