NBU called the main threat for Ukraine’s economy

НБУ назвал главные угрозы для экономики Украины

The national Bank called the main threat to financial stability

Of importance are the risks of disruption of gas transit, the strengthening of trade wars, and the rise in geopolitical conflicts.

The delay in carrying out key reforms or steps towards leveling the previous achievements, including for judicial and legislative decisions, can significantly increase the vulnerability of Ukraine’s economy and to prevent the continuation of cooperation with the International monetary Fund. This is stated on the regulator’s website on Thursday, July 18.

When you implement the above scenarios can worsen the exchange rate and inflation expectations. Also, it can be difficult to international capital markets in the context of high debt burden in subsequent years.

Moreover, of importance are the risks of disruption of gas transit from Russia through the territory of Ukraine from the beginning of 2020, strengthen trade wars, and the rise in geopolitical conflicts, and the escalation of the military conflict, and new trade restrictions by Russia.

Earlier it was reported that the national Bank lowered the discount rate to 17%. In addition, the NBU has raised the forecast of growth of economy of Ukraine in 2019-2020.

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