Global economy on the verge of recession: How deep will Ukraine fall?

UNIAN Information Agency | Aug 16, 2019 at 7:00 AM
  • In the last weeks of this summer, thunderclouds over the global economy, which have been looming on the horizon in recent months, began to amass rapidly, foreshadowing an imminent storm.
  • How deep the Ukrainian economy falls this time and how much ​​the hryvnia devalues will largely depend on professionalism, speed of reaction, and coherence of the new team in power.
  • And then the rate fell: the national monetary unit slid from UAH 5.6 per dollar in September 2008 to UAH 7 in November and UAH 10 on the eve of 2009.