Ukraine Freight Transport Report 2016
Following an extremely difficult 2015, it is hoped that Ukraine will see some improvement in 2016although the conflict in the east will continue to hamper growth and affect trade with Russia. It is expectedthat trade will start to pick up in 2016 and with it, the freight industry. The agricultural sector will play alarge role in stimulating the country's economy, though some dry weather conditions may affect harvests in2016. Meanwhile, the IMF will continue to support Ukraine's economy, offering further lending in the lightof its debt to Russia. Ukraine's relations with the EU will also help to encourage trade and put the countryon the road to recovery. .
Real export volumes are forecast to increase by 5% in 2016, compared to a fall of 20% in 2015. We expectthis growth to lose strength in 2017, falling to 1% but by 2020 it will have recovered to 6.9%. Imports willsee a more stable future, rising by 11.4% in 2016 and maintaining growth at 5.07% by 2020. The country'scentral bank announced in 2015 that it will extend its currency controls into 2016 so as to stabilize thehryvnia, though these controls may be removed in 2016 if the economic situation picks up.
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