: :inin Kyiv (EET)

Ukraine economy shrank 7.5% in ‘worst year since WWII’


KIEV (AFP) – Ukraines central bank chief said on Tuesday that the strife-torn countrys economy contracted by 7.5 percent in 2014 while inflation soared in a year more painful than any since World War II.But Valeria Gontareva said the pro-Western leaders who rose to power in Kiev after the February ouster of an unpopular Moscow-backed president were optimistic about the chances of a rebound in 2015.Gontarevas comments came a day after parliament approved an austerity budget that should help unlock emergency assistance from the International Monetary Fund and other global lenders within the next few months.The central bank head — …read more

Source: Dunya TV

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