Ukraine economy in free fall - inflation, energy tariffs soar
The east of Ukraine, now ravaged by war, was once the county's industrial powerhouse, but the fighting has destroyed many factories and plants in the region, and left others too dangerous to operate. Inflation's expected to rise to almost 27% this year, the national currency is in free fall, driving workers' monthly wages down to less than 60 dollars. Publisher of the 'Trends Journal' Gerald Celente says the loss of trade with Russia has also dealt a severe blow to Ukraine's economy.
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