Growth of Ukraine’s economy accelerates to 3,2% – Tomas Fiala, CEO of Dragon Capital

According to Tomas Fiala, CEO of Dragon Capital and one of the largest investor in Ukraine and head of the Supervisory Board of the Center of Economy Strategy, by the end of 2019 inflation rate will be lower than 8%, the currency will be 27,5 UAH/US dollar. GDP may accelerate to 3,2%. 

«Indeed, the macroeconomic situation in Ukraine today is better than 5 years ago. Our company has made an upgrade of the macroeconomic indicators. We have a positive forecast about economic growth from 2,7% to 3,2% due to growing domestic demand. Also, we expect that inflation will decrease and will be less than 8%», says Tomas Fiala.


He also mentioned about the upgraded forecast for the currency rate. «Before, as a result of the year, we have expected the currency rate to be 29,7 UAH/USD. Today we expect 27,5 UAH/USD» – says Tomas Fiala. He adds that such improves in the forecast are based on the improved current balance of payment account. Expert underlines that for enabling the economy growth at an accelerated pace Ukraine should appeal both foreign and local investments.

Source: UNIAN


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