Russia's War Against Ukraine
OP-ED
Economist: Why the Ukrainian economy is in deep trouble
Buildings are seen on Dec. 1, 2014 through the window of a flat that was shelled during the night in the Telstilshik district of the eastern Ukrainian city of Donetsk.
In recent months Ukraine's problems have mainly been political. But in addition to the annexation of Crimea and fighting in the east of the country, Ukraine's economy may be entering a full-blown depression. This year its currency, the hrvynia, has lost half its value against the dollar. Inflation is at nearly 20%. Ukrainians are panic-buying food and other essentials. Economists worry that by the end of this year, the country may have no money left to pay its debts. What has gone so wrong?
