‘Its Q I GDP plunged 17.6% year-over-year. It’s down 6.1% from Q IV 2014. Ten of the last 11 quarters saw economic contraction. Kiev depends on outside aid to keep operating.
Inflation is out-of-control. The Financial Times reported it reaching 61% in April. Its hryvnia currency is headed toward becoming worthless toilet paper. It’s worth less than 5 cents to the dollar. Adjusted for its decline, real inflation tops 270% year-over-year.
Living standards are plunging. Poverty is a growth industry. So are unemployment, underemployment and human misery.
Most Ukrainians struggle to get by. They can’t make ends meet. Skyrocketing prices makes basic goods and services unaffordable.’
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