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Ukraine economy to contract by 8% in 2014: World Bank

A woman pays with Ukranian Hryvnia money as she shops in the main market in central Simferopol, in Crimea, on March 18, 2014Kiev (AFP) – Ukraine’s economy will contract by eight percent this year due to the eastern separatist uprising, the World Bank said on Thursday, downgrading an earlier forecast and forecasting further shrinkage in 2015.

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