KYIV, Nov 24 - The International Monetary Fund (IMF) has downgraded its estimate of Ukraine's GDP growth in 2021 to 3.2%, compared with 3.5% in the October forecast, according to Ukraine's memorandum with the fund, released on November 24.
According to the report, the IMF left unchanged the expectations of the growth of the Ukrainian economy in 2022 at 3.6%, in 2023 - 3.4%.
Although in the October forecast the fund estimated the current account deficit of Ukraine at 0.7% of GDP, and in the next - 2.4% of GDP, the memorandum provides for a forecast of a zero current account balance in 2021 with a further transition to a current account deficit of up to 2.7% GDP in 2022 and 3.2% of GDP in 2023, the document says.
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