CNBC: Ukraine GDP tanks 15% as fighting drags on
As the supposed cease-fire in Ukraine fails to end the bloodshed in the east of the country, fresh data on Tuesday showed the extent of the pain being felt within the country's economy.
The country - ravaged by conflict between government troops and pro-Russian separatists – posted a fall in gross domestic product (GDP) of 15.2 percent year-on-year in the fourth quarter of 2014, according to the State Statistics Service of Ukraine on Tuesday morning. The figures also showed a 3.8 percent fall from the previous quarter amid the political upheaval in Kiev.
WNU Editor: And for the average citizen the situation is about to get worse .... IMF aid package pushes Ukraine gas prices up 280% (RT).
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