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You're reading: Reliance on exports, debts put nation in vulnerable position

As the global economy slows, Ukraine could face a tight economic squeeze.

There are two key questions: Will the crisis and its impact on Ukraine be as serious as 2008-2009, and are the authorities better prepared and more able to react this time around?

The economy grew at a brisk pace in 2010, and over the first eight months of 2011, driven by a combination of base-period effects, a recovery in metals exports, a better harvest and some recovery in credit growth.

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