World Economy

Ukraine Growth Shrinks

Ukraine Growth ShrinksUkraine Growth Shrinks

Ukraine’s central bank chief said on Tuesday that the strife-torn country’s growth contracted by 7.5% in 2014, in its most painful year since World War II, AFP said. Central Bank head Valeria Gontareva added that the annual inflation rate had reached 21% by the end of November due to a deterioration of gold and hard currency reserves.