2016 Economy Forecasts: World Bank predicts 1% economic growth in Ukraine
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The World Bank predicts that Ukraine's economy in 2016 will grow by 1%. That comes after a contraction of 12% in 2015 and record-breaking inflation of more than 40%. In 2017, the country is predicted to see growth of 2%. Those figures come as part of a new World Bank report released this week, according to BBC Ukraine. Ukraine's economy nosedived sharply in 2015 amid the on-going conflict with Russian-backed militants in the east of the country. The fighting has disrupted much of the heavy industry which accounted for a significant chunk of Ukraine's economic output. In contrast, Russia's economy is predicted to shrink in 2016 by 0.6% percent. That comes against the backdrop of the fall in the price of the country's main export - oil - and Western sanctions over Moscow's aggression in Ukraine. Check out our website: http://uatoday.tv Facebook: https://facebook.com/uatodaytv Twitter: https://twitter.com/uatodaytv
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1% of nothing is something, its just not much of something
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Russia economy is losing 2 billion dollars a week because of Low Oil prices.....
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RUSSIA WILL FAIL UKRAINE WILL PREVAIL!!
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Ukraine will become a failed state
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These numbers are artificially modified in advance of course. Of course a growth is expected. The EU ratified the free-trade between Ukraine and European countries. I wonder why this ridiculous fast pace was needed. We didn't see the need for this with the Baltic states for instance..
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