Morgan Stanley upgrades Ukrainian GDP forecasts

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Morgan Stanley has upgraded its Ukrainian GDP growth forecasts for the coming two years as international optimism over the country’s economic outlook continues to strengthen.

The US-based financial sector giant now expects Ukraine to record 3.2% GDP growth in 2020, with the figure rising to 3.6% in 2021. This is the latest in a series of international upgrades in recent weeks that reflect improved assessments of Ukraine’s macroeconomic standing and expectations regarding the new government’s economic agenda.

In September 2019, leading international credit rating agencies Fitch and Standard & Poor’s both upgraded Ukraine from “B-“ to “B”.

Source: Ukraine Invest

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