Roman Olearchyk writes:"A eurozone recession this year appears pretty certain, but its possible impact on the volatile economy of Ukraine remains very unclear. A smallish swing in the west tends to trigger much larger shifts on the Dnipro River. Still fresh in memory is the whopping 15 per cent GDP contraction experienced during the 2009 global recession. The country remains deeply vulnerable to global shocks – not least those triggered by the eurozone – due to its dependence of on commodity exports, starting with steel."
EXCLUSIVE
