Current Account Deficit To Fall Sharply

Recently released data from the National Bank of Ukraine (NBU) highlights the growing risks to the country's medium-term macroeconomic stability. The key trend emerging from the latest balance of payments and external debt figures - the collapse in external sources of financing resulting from still tight credit markets and elevated international investor risk aversion - continues to pose a key risk to the private sector's ability to rollover existing liabilities, and fund the import of necessary goods required to expand productive capacity.

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