Ukraine’s GDP to fall by 40% – S&P ...News

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Ukraine’s GDP to fall by 40% – S&P
source : Russia Today ( News ) () 26
The rating agency’s forecast confirms an earlier projection by the economy minister The Ukrainian economy is expected to plunge by 40% this year, according to S&P Global Ratings, which raised the country’s foreign currency sovereign credit ratings on Friday, adding that Kiev had completed a distressed debt restructuring. The agency’s forecast coincides with that of Kiev, issued on the same day. Economic Development and Trade Minister Yulia Sviridenko said on Friday that Ukraine’s GDP in the remaining months of 2022 could fall by up to 40%, citing the conflict with Russia as a major reason. Boosting the country’s c

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