- by
- 05 23, 2024
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IN THE early 1990s, as the collapse of the Soviet Union remade eastern Europe, two economies stood out for their size and potential. One was Poland, with 38m people; the other Ukraine, a country of 52m. It was not clear then which was destined for greater things: Poland’s GDP per person was no bigger than Ukraine’s, and its heavily indebted economy was shrinking fast. Today the comparison seems ludicrous. Ukraine’s economy shrivelled by almost 18% year on year in the first quarter. Poles are three times richer than Ukrainians.