In the Bloomberg ranking, the Ukrainian stock market is ahead of only Venezuela
Kyiv, February 16 (PolitNavigator, Alexander Semenyuta) – The Ukrainian stock market took penultimate place in the ranking of emerging markets prepared by Bloomberg. Only the Venezuelan stock market has worse prospects, reports Investfonds.ua.
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Bloomberg assessed the attractiveness of countries based on 19 factors that determine the investment climate. The average dynamics of GDP in 2015 and 2016, the price/earnings ratio (P/E) of the country's main stock index and its place in the Doing Business ranking were taken into account. South Korea and Saudi Arabia scored the most points.
Ukraine and Russia took penultimate places in their categories. Russia, once one of the fastest-growing BRICS economies, in 2015 is on the same level of attractiveness as countries such as Greece and Morocco. In the category of developing countries, it took 22nd place out of 25. The low place in the ranking is explained by the inevitability of a recession in the country's economy.
Ukraine ranked 18th out of 19 in the frontier markets category. Her result is -38,1 points.
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