FX.co ★ Ukraine's Current Account Deficit Widens to $2.2 Billion in March 2024

Recent data released by the Ukrainian government shows that the country's current account deficit widened to $2.2 billion in March 2024. This marks a significant increase from the previous indicator of -0.603 billion in February 2024. The data, which was updated on 30 April 2024, highlights the challenges Ukraine is facing in balancing its international trade and investment. The widening current account deficit could put pressure on the country's currency and overall economic stability as it indicates a greater outflow of foreign exchange. Analysts will be closely monitoring Ukraine's economic policies and trade strategies in the coming months to address this growing deficit and ensure sustainable economic growth.