Ukraine’s economy shrinks 10%, still better than expected

KIEV: Ukraine’s war-torn economy shrank by nearly 10 percent in 2015 as its financial sector imploded and consumer demand shriveled up because of the currency’s steep drop against the dollar.

The state statistics service’s final adjusted figure of a 9.9-percent contraction in the gross domestic product was an improvement on the 10.4-percent drop forecast by the government at the end of last year.