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Bad Outlook for Ukraine´s Foreign Trade Balance
Ukraine’s external accounts have visibly deteriorated in 2012. No dramatic improvement in the balance of payments is expected this year.
Bad Outlook for Ukraine´s Foreign Trade Balance / Picture: © Wikimedia Commons / Keith Skipper [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
Ukraine’s external accounts have visibly deteriorated in 2012 amid slump in the external demand and the robust expansion of non-energy imports. “In December C/A deficit jumped to all-time high of USD 1951 mn (30% increase in yoy terms) due to 13.6% drop in merchandise exports. Steel and chemicals exports suffered the most, while the export of…
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