Kiev predicts rebound from deep crunch

Article reports that Ukraine’s gross domestic product contracted by 18% in the second quarter, according to preliminary government figures released on the 17 August 2009.

The dismal figures mark Ukraine once again as one of the world’s most recession-battered economies. But economists say fresh figures coming in also suggest Kiev is beginning to pull out of recession after a record 20.3% in the first quarter of 2009.