Ukraine’s current-account gap widened in July

Ukraine’s current-account deficit widened in July from the previous month, the central bank said. The gap reached USD 574 million in July compared with USD 281 million a month earlier. The central bank revised the second-quarter current account deficit to USD 1.45 billion from USD 1.22 billion estimated in the beginning of August. This compares with a gap of USD 1.30 billion in the first quarter. In the first seven months of the year the current-account deficit widened to USD 3.32 billion compared with a surplus of USD 313 million a year earlier.

Source: Bloomberg