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Ukraine: Current Account Deficit Grows Significantly

Published: December 19, 2012; 15:11 · (Vindobona)

Balance of payments deficit almost doubled in October – to USD 2.0 bn - amid sharp reversal in the capital flows and widening C/A deficit, Raiffeisen Research says.

Ukraine: Current Account Deficit Grows Significantly / Picture: © Flickr

Current account deficit increased to USD 1619m from USD 1502m in September, albeit was flat in yoy terms. Merchandise export (8.1% yoy increase in October) is still supported by the robust agricultural and machinery exports (82.0% and 25.1% yoy growth respectively). The statistical base effect apparently plays the major role in impressive growth figures of agricultural…

This article includes a total of 329 words.

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