As Kyiv Slashes Spending, the Economy’s Real Shrinkage This Year May Be 10, Not 6, Percent
The International Monetary Fund last month threw what looks like a much-improved financial lifeline to Ukraine—and indeed, the new loan program is welcome help for a desperate need. But a check on the math of one prominent IMF realist suggests that the cost of the overall aid package could be a Ukrainian economic shrinkage this year of an extremely painful 10 percent—much more than the IMF predicts publicly. …read more
Source: Atlantic Council