At the end of 2023, the dollar exchange rate will reach 50 hryvnia, and the consumer price index will be 30.6% – such indicators are included in the macroeconomic forecast of the Ministry of Economy, reported sources in the Cabinet.
First of all, it should be clarified that the macroeconomic forecast of the Ministry of Economy serves solely to calculate future revenues and expenditures in the budget for the next year – according to the Budget Code, the government must submit the text of the budget to parliament no later than September 15. At the same time, macro forecasts of the Cabinet of Ministers rarely come true.
According to the macroeconomic forecast, at the beginning of 2023, the hryvnia exchange rate against the US dollar will rise to UAH 42 per dollar, and at the end of the year the hryvnia will devalue even more – up to UAH 50 per dollar. At the same time, Ukraine’s GDP will decrease by 33.2% in 2022, and should grow by 4.6% next year.
The government also expects further price increases next year. Thus, the macro-forecast inflation for 2023 is 30.6% (as of June it was 22.2%). The unemployment rate, according to the calculations of the Ministry of Economy, should be 28.2%, and the average salary – UAH 18,508.
Get skills and knowledge in the IT field without breaking away from work
Be that as it may, one does not need to be an analytics genius or a major financial expert to predict further price increases and devaluation of the national currency, which, by the way, is celebrating its 26th anniversary today, in the current conditions of a full-scale war. And, of course, all this will have a corresponding effect on the prices of consumer electronics. A few days ago, the co-owner of ALLO shared his assessment, in which he predicted a further rise in the price of electronics by another 45-60% over the next 4-5 months.
Co-owner of ALLO predicts a further increase in prices for electronics – by another 45-60%