The Recession in Ukraine

Moody's credit rating agency downgraded Ukraine's sovereign bond rating to B2 from B1 on May 12, with a "negative" outlook. Ukraine's dire economic situation offers lessons to other emerging Europe markets struggling amid the global recession, but Kiev's economic woes are made worse by political tensions in the run up to a presidential election. Editor's Note: This is the fourth part in a series on the global recession and signs indicating how and when the economic recovery will — or will not — begin.