Kiev. Ukraine. Ukraine Gate – January 24, 2021 – Economy
Oleg Ustenko, economic advisor to the President of Ukraine, predicts that in 2021 the Ukrainian economy will begin to recover thanks to positive trends in foreign markets and the NBU’s monetary policy.
“Speaking generally about 2021, we expect that this will be a year of economic growth, a year of gradual recovery of the entire global economy, and, of course, the Ukrainian economy,” the statement reads on the website of the Office of the President of Ukraine on Sunday.
The adviser to the President of Ukraine noted the improvement in the situation on the world financial markets.
“After the end of the election campaign in the United States and in the recent inauguration of the 46th US President Joe Biden, all stock markets went up, which means that both lenders and investors began to be active. In general, international markets have grown by over 15% during this time. This means that investors who previously looked for “safe havens” are now starting to look for investment opportunities. This means that Ukraine, which is in the group of countries with emerging markets, can already actively compete for the resource and count on a global investment, ”he said.
Another additional impetus for economic growth, according to Ustenko, may be government programs to stimulate the economy, such as Big Construction, and the construction of large infrastructure facilities, because this contributes to the creation of jobs, supports domestic machine building, etc.
“In addition, there is a forecast that in 2021 the world will emerge from the crisis associated with the coronavirus pandemic. Ukraine will start receiving the vaccine. The Ministry of Health is constantly negotiating, the President of Ukraine communicates with the leaders of foreign states about the possibility of Ukraine receiving a vaccine, and there is a hope that this will be implemented quickly enough, ”Ustenko stressed.
According to the adviser to the President of Ukraine on economic issues, all these factors will contribute to the exit of the Ukrainian economy on the trajectory of recovery,
“The recovery trajectory will be at the level of 4-4.5% growth in 2021. Perhaps the growth will be even greater if it is possible to actively attract investment resources into the economy – not only from outside, but also inside the country, ”Ustenko summed up.
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