wiiw Forecast Reports
UKRAINE: From illiquidity to insolvency
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In 2015, the ongoing military conflict in the Donbas region, the erosion of incomes on account of galloping inflation and the unrelenting collapse of trade and investment will plunge the economy into deep recession for the second year running. Dismal growth prospects, an ever-weakening currency and massive fiscal deficits on the back of huge expenditures on defence will put the sustainability of public debt in jeopardy. A recovery can hardly be expected before 2017, the all-essential pre-requirement being a lasting peace settlement.
Countries covered: Ukraine