Fitch expects the Ukrainian economy will shrink by at least 6.5 percent this year and in 2015 and 2016 will show. No growth at least This is partly because exports to Russia in the first half of this year has fallen. Nearly a quarter Additionally threatens a shortage of fuel, because the Russian Gazprom gas supplies to Ukraine has put stop.
Meanwhile, increasingly undermined the financial position of the government. The budget deficit this year is expected to reach 10 percent of gross domestic product (GDP), while the national debt rises faster than the IMF foresaw at the time that the fund emergency loans to Ukraine promised. Without that emergency assistance the country, according to Fitch at all not to meet its obligations.
Fitch lowered the rating of Ukraine with one step to CCC. That low rating indicates that investments in Ukrainian government loans risky and that the country only under favorable conditions are loans to repay.
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