S&P: Ukraine’s GDP will increase by 4% in 2021

S&P Global Ratings, a U.S. credit rating agency, is expecting Ukraine’s economy to bounce back in 2021.

“We project real gross domestic product (GDP) growth in Ukraine of 4% in 2021, compared with a 4.2% contraction in 2020, following a gradual stabilization of the public health situation and a recovery in demand,” S&P’s March 13 statement reads.