Ukraine posted its tenth successive quarter of growth earlier this year with a 3.6 per cent year-on-year increase in GDP in the period April to June.
Although still well below its real potential growth rate, this is progress for a country that stood on the brink of financial collapse four years ago. It also represents a qualified success for western policy, which eschewed a military role in the conflict with Russia in favour of measures designed to shore up Ukraine’s economic sovereignty.
