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The phrase "admit that the current" is correct and usable in written English.
You can use it when acknowledging or confessing to a particular situation or state of affairs that is ongoing or relevant at the present time.
Example: "I must admit that the current economic climate is challenging for many businesses."
Alternatives: "acknowledge that the present" or "confess that the existing".
Exact(17)
The bar staff admit that the current trading conditions are abysmal.
The president went so far as to admit that "the current system is broken".
Aid officials, who have sharply criticized repatriation, admit that the current situation is untenable.
But both the Spaniards and Dutch admit that the current crush of Europeans is "the worst of all possible worlds".
But for the first time, Atlanta is being forced to admit that the current pattern cannot be sustained.
But they admit that the current daily flow of 6,000 vehicles or so must increase if the bridge is to pay its way in the long run.
Similar(43)
The writer admits that the current piece shows his eulogy to have lied on that count.
County officials said they were not admitting that the current system was discriminatory.
The Higher Education Funding Council for England (Hefce) has admitted that the current planned investment of £10.8m would only result in savings of 18,500 tonnes of carbon a year.
But Rev Welby admitted that the current restrictive rules that credit unions work under would have to be changed to allow them to compete with payday lenders.
His outgoing defence secretary, Donald Rumsfeld, wrote a memorandum just before he was defenestrated, admitting that the current policy in Iraq was not working.
More suggestions(13)
confess that the current
admit that the recent
recognizes that the current
admission that the current
support that the current
admit that the existing
recognition that the current
recognizing that the current
agree that the current
concede that the current
admits that the current
acknowledges that the current
concedes that the current
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com