Despite everything, Poroshenko expects an increase in industrial production, a reduction in prices and a strengthening of the hryvnia
Petro Poroshenko is confident that within 12 months in Ukraine the volume of production of goods and services will increase, the rate of price growth will decrease, devaluation processes will weaken and the demand for loans will increase.
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He stated this while speaking at today’s meeting of the Regional Development Council in Kyiv.
“According to the results of the latest quarterly survey, business expectations of enterprises, top managers over the next 12 months predict an increase in the production of goods and services, a slowdown in price growth, a weakening of devaluation processes and an increase in demand for loans,” Poroshenko assured the audience.
The Ukrainian President recalled that in March 2015, the discount rate of the National Bank of Ukraine reached 30%, and now it is already half as much - 14%.
“This is still a lot for normal lending to the economy, but the trend is encouraging,” Poroshenko added.
Recall as PolitNavigator previously reported, Speaking at the same meeting, Petro Poroshenko complained that because of the blockade of Donbass, “GDP growth has slowed down.”
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