Igor Mazepa - news of businessman

Igor Mazepa

Ukrainian investment banker
CEO and Founder of Concorde Capital

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GDP growth expected to reach 4.1% in 2021, according to Concorde Capital analysts


Igor Mazepa, CEO of Concorde Capital, shares the macroeconomic forecast for 2021

Igor Mazepa, investment banker, CEO and owner of Concorde Capital investment company, shares the macroeconomic forecast for 2021.

According to Concorde Capital's forecasts, the GDP will grow 4.1% this year, while prices will rise 7.2%.

The average annual hryvnia exchange rate is projected at UAH 27.6 to USD 1 and may reach UAH 28.7 in late 2021.

The current account balance of payments is expected to be positive, standing at US$0.5bn.

In addition, the investment company estimates that the year-end international reserves will reach US$30.5bn and the industry will grow 6.5%.