Sunday, May 31, 2015

Ukraine conflict hurting economy

Ukraine's economy is likely to shrink at a rate worse than previously expected, and the country is seeking help from the International Monetary Fund. The continuous instability of the country has effected the economy tremendously, and the inflation rate is likely to hit 46% by the end of the year. The IMF will only lend money to Ukraine if it is satisfied with the government's progress in reforming the economy.

Mike Bikulcius

http://www.bbc.com/news/business-32954874

No comments: