- published: 11 Dec 2015
- views: 32631
The economy of Ukraine is an emerging free market. Like other post-Soviet states, its gross domestic product fell sharply for 10 years following the collapse the Soviet Union in 1991. However, it grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine as the 2008-2009 Ukrainian financial crisis. The economy recovered in 2010, but since 2013 the Ukrainian economy has been suffering from a severe downturn.
The depression during the 1990s included hyperinflation and a fall in economic output to less than half of the GDP of the preceding Ukrainian SSR. GDP growth was recorded for the first time in 2000, and continued for eight years. This growth was halted by the global financial crisis of 2008, but the Ukrainian economy recovered and achieved positive GDP growth in the first quarter of 2010. By October 2013, the Ukrainian economy lapsed into another recession. The previous summer Ukrainian export to Russia was substantially worsened due to stricter border and customs control by Russia. The early 2014 annexation of Crimea by Russia, and the War in Donbass that started in the spring of 2014 severely damaged Ukraine's economy and severely damaged two of the more industrial oblasts. In 2013, Ukraine saw zero growth in GDP. Ukraine's economy shrank by 6.8% in 2014, and this continued with a 12% decline in GDP in 2015. As of 11 January 2016, the World Bank forecasts that Ukraine will experience an economic growth rate of 1% in 2016, which if true will end the recession. Since December 2015 Ukraine refuses to and hence de facto defaults on debt payments to Russia.
To know of life (To know of life)
Is to know what I'm living for
(Touch my hand) And baby I'm yours
To know of love (To know of love)
Is to know that I live for you
(To be in love) Is to be there with you
(Everyday) Everyday means so much to me (Much to me)
But it all depends on you
Don't you know (Don't you know) oh, baby
We were meant to be (Meant to be)
Oh, life for me begins and ends with you
To know you're mine (To know you're mine) baby
Is to know how it used to be
Yesterday (Yesterday) is all I can see
That's how I know
Life can be beautiful (Beautiful)
But it all depends on you
Now that you're gone, baby (Since you've been gone)
Just not the same, baby
Since you've been gone
Just not the same, baby
To know of us
Is what I'm still living for
But it all depends on you
Baby, it all depends on you
(Baby, come home) To know happiness
(Home) Is to know you're here in my arms
(Baby, come home) Let me know, let me know, let me know
(Home) What it is to live again
(Baby, come home, home)
(Baby, come home, home)