By the end of this year, the average exchange rate of the national currency will be UAH 36.6 per dollar, and next year it will be UAH 38.5 per dollar.

The investment company Dragon Capital worsened the forecast of the reduction of the real gross domestic product of Ukraine this year by 2 percentage points – to 32%, in addition, it is forecast to decrease the GDP in 2023 by another 5% if the war lasts until the third quarter of next year.

This was stated by the general director of Dragon Capital Tomasz Fiala during the meeting of the general meeting of the European Business Association.

“In terms of GDP, we have a reduced forecast for this year due to electricity problems – from 30 to 32% decline. We will also have a GDP decline of around 5% next year if the war continues into the third quarter,” he said.

Fiala also added that by the end of this year, the average exchange rate of the national currency will be UAH 36.6. per dollar, and the next – 38.5 hryvnias. for a dollar

According to the company’s forecasts, the level of international support in 2023 may increase to 42 billion dollars from 32 billion this year.

GDP during the war:

The gross domestic product (GDP) of Ukraine in the second quarter of 2022 decreased by 37.2% compared to the second quarter of 2021.

According to the Ministry of Economy, the gross domestic product fell by 30% in 9 months of 2022.

According to the National Bank, Ukraine’s economy will shrink by a third in 2022, but will return to growth in 2023-2024 if the Black Sea ports are unblocked.

The draft state budget for 2023 envisaged real GDP growth by 4.6%.

On October 20, 2022, the National Bank changed its estimate of the fall in GDP.