The international rating agency Fitch predicts the deterioration of the economic situation in Ukraine, which is facilitated by hostilities, a high budget deficit, a contraction of the Ukrainian economy, an increase in public debt, a decrease in foreign exchange reserves and a decrease in export earnings.

All this, according to the agency, is fraught with a further increase in inflation, devaluation of the national currency, and in the future even a default, that is, the bankruptcy of the state..

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Inflation, which accelerated to 21.5% in June, will rise to 30% by the end of 2022, according to Fitch analysts.

This will happen due to the weak influence of the state’s monetary policy, further disruptions in supply chains, financial problems and high world prices for stored commodities, primarily energy resources..

Slightly less, about 20%, will be inflation in Ukraine in 2023, partly due to the depreciation of the hryvnia.

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Recall that from July 21, 2022, the National Bank of Ukraine increased the official exchange rate of the dollar against the hryvnia by 25% to UAH 36.5686 / dollar. Prior to this, since February 24, the rate was fixed at the level of UAH 29.2549/USD.. Therefore, the dollar in the capital's exchange offices jumped to almost 40 hryvnia.. At the same time, the regulator said that the decision to fix the official hryvnia exchange rate at a new level would not affect prices..