Ukraine's IMF Agreement Could Worsen the Country's Problems
Category: POLITICS
After two years of almost no economic growth, the IMF is now projecting a steep recession for this year, with the economy shrinking by 5 percent. This is largely because of budget tightening that the government has committed to, amounting to about 3 percent of GDP over the next two years.
By Mark Weisbrot, ContributorCo-Director, Center for Economic and Policy Research, Washingt..., 2014-06-02