Still on the edge

摘要

On the face of things, the worst is over for Ukraine. A ceasefire seems to be holding in the war that has left forces backed by Russia in control of much of the east of the country. The IMF has found a way to keep providing Ukraine with a financial lifeline, side-stepping a dispute with Russia that had threatened to sever it. The economy, which has shrivelled by about a fifth since 2013, even grew by 0.7% in the third quarter, relative to the second (see chart).