July 29, 2020 / 11:41 AM / 13 days ago

Ukraine government approves 2021 economic forecast, sees growth at 4.6%

FILE PHOTO: Ukraine's Prime Minister Denys Shmygal gives a joint statement with European Commission Vice-President Valdis Dombrovskis after they signed a macro-financial assistance agreement at the European Commission headquarters in Brussels, Belgium July 23, 2020. Francisco Seco/Pool via REUTERS

KYIV (Reuters) - Ukraine’s government approved 2021 macroeconomic forecasts targeting economic growth of 4.6% after a 4.8% slump expected in 2020, Prime Minister Denys Shmygal said at a televised government meeting on Wednesday.

The government sees inflation at 7.3% and the Ukrainian currency average rate at 29.1 hryvnia to $1 in 2021.

Ukrainian inflation stood at 2.4% in June year-on-year.

The hryvnia was being traded at around 27.7/$1 on Wednesday. Its average rate was 26.71/$1 in June, according to the central bank’s data.

Reporting by Natalia Zinets; editing by Matthias Williams and Jon Boyle

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