Review: The Year 2014 in Ukraine
BY
The Institute for Economic Research and Policy Consulting - Kyiv / January 20, 2015
2014 was the most difficult year for Ukrainian economy in the 21st century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand.