Ukraine may be on brink of recession

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Oct. 18, 2012, 11:13 p.m. | Business — by Jakub Parusinski

A slowdown in economic growth in 2012 has not only limited businesses investment prospects, but also led to record low inflation. This has caused the real cost of credit to rise even higher, creating a vicious cycle.
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Jakub Parusinski

Euro 2012 investments, increased social spending and monetary micro-management have not sufficed to keep Ukraine from heading toward a recession, experts are warning. Falling commodity prices and an exceptionally poor business climate now have some predicting the nation may spend the second half of the year in the red, as 2013 gears up to be even tougher than its predecessor.

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