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In recent years, Ukraine has achieved an impressive average annual growth rate of about 7%. However, by the end of 2008, the IMF was forced to intervene with a USD 16.5 billion emergency loan, as the Ukrainian banking system teetered on the brink of collapse.
Ukraine entered 2009 in recession, and forecasts for growth in the second half of the year depend heavily on the state of the global economy. As Ukraine struggles to deal with the effects of the
financial crisis, companies are at greater risk of bankruptcy than ever before.
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