By the end of next year, the dollar may rise to 50 hryvnia, and inflation will exceed 30%. Weak economic growth is expected after the recession.
The government expects the dollar to rise to 50 Hryvnia in 2023, Economic Truth wrote on Thursday, September 1, referring to the macroeconomic forecast of the Ministry of Economy.
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According to him, at the beginning of 2023, the dollar exchange rate will be 42 hryvnias with a gradual devaluation to 50 hryvnias by the end of the year.
At the same time, authorities expect the economy to grow 4.6% next year after falling 33.2% this year.
In addition, prices will continue to rise in 2023. By the end of the year, inflation is expected to be at 30.6%.
According to the forecast, the unemployment rate should be 28.2%, and the average salary – UAH 18,508.
Based on this macro forecast, a draft state budget for 2023 must be developed by September 15.
It should be noted that at the moment the official dollar exchange rate is 36.5 hryvnias, but in exchange offices the American currency is worth up to 41 hryvnias.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.