KYIV, Nov 16 – Analysts of Bank of America Corp. (BofA) have downgraded the forecast for Ukraine's economic growth in 2021 from 4.5% to 3%, which may entail non-payment on value recovery instruments (VRI) in 2023 and increases the likelihood of coupon redemption by the Ministry of Finance, BofA Global Research said in November.

BofA is lowering its forecast for real GDP growth to 3% this year and note further downside risks even with such a conservative forecast, according to the materials of BofA Global Research, which are available to Interfax-Ukraine.