#Ukraine’s Economy Shrinks Despite Military Spending - WSJ - WSJ

Ukraine’s Economy Shrinks Despite Military Spending - WSJ - WSJ:



"Ukraine’s economy continued its rapid slide in the third quarter of 2014, gross domestic product data from the state statistics service showed Thursday. 




The war-torn country’s GDP declined by 5.1% in the third quarter compared with a year ago, as the hryvnia and industrial production declined amid a war in the eastern part of the country, and the ensuing military spending failed to mitigate the overall decline.



The economy shrank 4.7% in the second quarter and by 1.1% in the first."



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