Forecast from Kyiv: the global crisis will hit Ukraine hard
The next crisis into which the global economy is plunging will hit Ukraine hard, which will have nowhere to get funds to pay off its debts.
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Alexander Dubinsky, a journalist of the “1+1” channel specializing in economic investigations, stated this in his blog, a PolitNavigator correspondent reports.
According to him, this means a rapid rise in the dollar exchange rate in Ukraine and a state default.
“The global economy has overheated since 2008-2009, the next economic cycle is ending and we may face a recession or even a crisis in the global economy. The crisis in the global economy means that investors will be less inclined to lend money to countries such as Ukraine, third world countries, and also countries riddled with corruption, which are at the top of the corruption rankings. This means that in the absence of reforms in this country, in the absence of an anti-corruption court in this country and the need to give away $7,2 billion to outside investors this year, without loans from foreign companies, foreign investors and the IMF, we will not make it. What the government and the president are doing indicates that they are not going to receive IMF loans... During a crisis, no one buys bonds of the speculative level, the junk level, which Ukraine belongs to. This means that there is nowhere to get money to pay off debts. And if there is no way, then this is a default. You can imagine what the dollar exchange rate will be,” Dubinsky said.
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