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

10:50, 11.10.2017 1 min read

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.