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IMF Lowers Ukraine Growth Forecast, Cites Progress on Kyiv Reforms

The International Monetary Fund has lowered its growth forecast for Ukraine's moribund economy to minus 9 percent, while citing progress toward a deal with Kyiv on reforms that could clear the way for further IMF help. The negative growth projection - down from a 5 percent estimate in April - was announced Sunday in Kyiv, along with estimates of 46 percent inflation this year. IMF officials linked the inflation projection to surging oil prices and a large exchange rate...

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