Fitch Ratings assessed how long the war in Ukraine will last and whether a ceasefire is possible.

Analysts predict that the war in Ukraine will continue without significant changes into 2025.

According to reports, this is stated by Fitch Ratings.

They say that a negotiated ceasefire is possible. However, a comprehensive peace agreement is unlikely due to the difficulties related to the conditions for both parties.

Analysts emphasize that western military support will remain strong, which should help Ukraine avoid significant territorial losses in the coming year. And the efforts of the new US administration may contribute to a ceasefire, but without clear security guarantees for Ukraine.

The financial situation in Ukraine remains complex: a budget deficit is expected at 19.1% in 2024 and 19.2% in 2025. And the country's debt will rise to 90.8% of GDP.

Fitch Ratings reports that the issuer default rating (IDR) of Ukraine in foreign currency has been reaffirmed at 'Restricted Default' (RD). The main reasons will remain the restructuring of external debt and the temporary halt of payments on several financial obligations.

According to analysts, GDP growth in 2024 is projected at 4%, but in 2025 the rate will slow to 2.9%. At the same time, inflation in 2025 is expected to be at 9.3%. This is partly due to a labor shortage and high demand in the domestic market. As for Ukraine's international reserves, they will remain stable - around 42 billion dollars in 2024.

The analysts highlighted that Ukraine's resilience in difficult conditions is impressive. However, strong ceasefire and stable international support are needed for the country's further recovery.

We remind you that Ukraine will gain access to the secret Starshield signal on Starlink satellites.