Abstract
Ukraine is just celebrating the 10th anniversary of its independence. Unfortunately, this decade cannot be considered as successful, at least from the economic point of view. Ukraine experienced the longest and one of the deepest declines of GDP among all the transition economies. In addition, the first half of the decade was marked by the extreme macroeconomic instability and hyperinflation (see[Dabrowski, 1994]). In the second half of the decade progress in disinflation and currency stabilisation was seriously damaged by the 1998 financial crisis caused by the unsustainable fiscal policy. Only in the second half of 1999 the Ukrainian economy entered into a period of growth and relative macroeconomic stability.
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Dabrowski, M. (2002). Is the Economic Growth in Ukraine Sustainable?. In: von Cramon-Taubadel, S., Akimova, I. (eds) Fostering Sustainable Growth in Ukraine. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57464-1_6
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DOI: https://doi.org/10.1007/978-3-642-57464-1_6
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1464-4
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