10:50 11.10.2017

IMF improves assessment of deficit of current account of Ukraine's balance of payment in 2017

IMF improves assessment of deficit of current account of Ukraine's balance of payment in 2017

The International Monetary Fund (IMF) predicts that the deficit of the current account of Ukraine's balance of payment in 2017 will be 3.3% of GDP, according to the World Economic Outlook published on Tuesday.

In the CESEE Outlook published in May 2017, the IMF projected that the figure will be 33.6% of GDP.

The IMF slightly worsened the assessment of the deficit of the current account of the balance of payment for 2018 – from 2.9% to 3% and expects that in 2019 the figure would not change.

Ukraine's GDP forecast for 2017 and 2018 remained unchanged: at 2% and 3.2% respectively. In 2019, the IMF expects that the Ukrainian economy would grow by 4%.

The IMF also confirmed inflation forecast for Ukraine at 10% in 2017 and at 7% in 2018.

As reported, the World Bank left unchanged forecast for Ukraine's GDP growth in 2017-2019 at 2%, 3.5% and 4% respectively.

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