Balance Of Payments Position Remains Precarious

Ukraine's balance of payments position remains on tenuous ground, with latest data from the National Bank of Ukraine (NBU) showing capital continuing to flee the economy at a rapid pace. In the third quarter of 2009, the capital and financial account posted a deficit of US$4.5bn, marking the largest quarterly outflow of capital since the peak of Ukraine's crisis in Q408, and bringing the year-to-date financial account shortfall to US$11.1bn (compared to a surplus of US$15.3bn through the same time period in 2008).

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