An effect of this was that Ukrainian assets began to look like a large economic bubble and high inflation started to damage Ukraine's export competitiveness. The ratio of credit to GDP grew extremely fast – from 7% to almost 80% over just several years. From 2000 to 2007, Ukraine's real growth averaged 7.4%. This growth was driven by domestic demand: orientation toward consumption, other structural change, and financial development.
an effect of this was that ukrainian assets began to look like a large economic bubble and high inflation started to damage ukraine's export competitiveness the ratio of credit to gdp grew extremely fast – from 7% to almost 80% over just several years from 2000 to 2007 ukraine's real growth averaged 74% this growth was driven by domestic demand orientation toward consumption other structural change and financial development