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Visit A Fistful of Euros

Ukraine Wobbles As The Financial Ground Beneath It Trembles

Posted on October 12, 2008

The medium-term outlook is sensitive to external developments and policy responses. A benign external environment, featuring even higher steel prices and FDI, could produce growth in excess of 7 percent, but inflation could prove hard to control under a peg. Under an adverse external outlook, by contrast, the peg could lead to external sustainability problems.IMF 2006 Article IV Consultation Staff Report (February 2007)Ukraine s economy is in trouble, there is no doubt about it. The cost of protecting debt against a sovereign default by Ukraine s government soared to a record on Friday, fo...

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