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Inflation expectations in Ukrainian business circles in the fourth quarter of 2009 fell considerably, according to the National Bank of Ukraine (NBU), referring to polled heads of companies...
"In Q4, 2009, the macroeconomic expectations regarding companies` own development prospects greatly improved, but assessments did not reach the pre-crisis level... In the next 12 months the growth in consumer prices is forecasted at 15.1%, against 17.5% in the previous quarter," reads the report.
The NBU said that the central bank polled 1,245 companies in all Ukrainian regions, which represent the Ukrainian economy in key types of activities.
The NBU said that companies` heads expect that sales will grow both on the domestic and foreign markets.
A rise in employment is not expected for the fifth consequent quarter, although negative expectations have smoothed.
Respondents also forecast a rise in the need to borrow.
A total of 33.3% of respondents predict a stable hryvnia exchange rate to the dollar against 16.5% in Q3, 2009. However, the majority expects that the hryvnia will devalue against the dollar in the next 12 months (some 58.6% of respondents) and 64.2% think it will lose value against the euro.
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