Inevitable fall of the hryvnia: an alarming forecast has emerged



According to forecasts by financial analysts, the economic slowdown in Ukraine could reach 5.1% of GDP in 2020, and the inflation rate could reach 3.7%.

This is reported by the NPF, referring to

The hryvnia should drop.
The situation on the foreign exchange market of Ukraine is unstable, the forecasts are alarming. Photo:

At the same time, economic growth is expected to reach 6.3% in 2021, but with inflation of 6%.

How will the hryvnia behave under these conditions? An analysis by specialists shows that the national currency at the end of the second quarter will weaken considerably and will be able to reach the level of 29.5 hryvnia for 1 dollar. In the third and fourth quarters, it will strengthen to 29 hryvnias for $ 1 and will return to the level of 29.5 UAH / $ 1 by the end of the 1st quarter 2021.

It is noteworthy that in March the forecast of JP Morgan spoke of a drop in the exchange rate of the hryvnia in late 2020 to the level of 28.5 UAH / $, and 29.5 hryvnia for one dollar was expected until the end of 2021.

Previously reported on the exchange rate for May 2020.

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