Economy and politics
March 16, 2009Silent Spring: Macroeconomic UpdateThe economic crisis has been unwinding rapidly in Ukraine, forcing many economists to revise their earlier forecasts regarding the macroeconomic scenarios in 2009. Namely, the depth of the real sector downturn, the substantial devaluation of the hryvnia caused by panic on the foreign exchange market, and a weak government response to changing economic conditions are among the factors that were not entirely anticipated by either domestic or foreign analysts.