Ukraine's Economy Has Lacked Dynamism

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Ukraine was one of the poorest countries in Europe with a largely Soviet legacy economic structure. For many years, Ukraine's economy has been dominated by the production of commodities. Those industries have been largely controlled by oligarchs and that's led to corruption in business and politics. It's made the economy uncompetitive because these are wealthy men who are trying to extract rents from their assets.

Investors are betting the European Central Bank will raise interest rates to all-time highs, and the FT’s Ben Hall explains the impact of the war in Ukraine on the country’s economy.

Mentioned in this podcast:

Investors ramp up bets on ECB lifting interest rates to all-time high

Behind the Money Podcast

FT Live: Putin’s war on Ukraine: One year on

Download the FT Edit app here: ft.com/ftedit

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.