Ukraine Contraction Could Dent an ETF By Don Dion About this article: Tumbling GDP in Ukraine, a large steel exporter, could eventually have implications for iShares EMU Index, though the situation is contained for now. Ukraine reported a 15.9% decline in GDP, an "improvement" from the 17.8% drop in the second quarter. The government forecasts 3% growth for 2010 as the global economy helps to lift demand, and a 7.3% increase in steel sector production, in October, is a step in the right direction. In the near term, the H1N1 virus may be the largest factor for the economy. The country has seen more than 1 million infections and 50,000 hospitalizations, even though the death toll remains very low. That hasn't stopped the media and government from stoking fears, however, and that will have an effect on commerce. Ukraine has received IMF support to the tune of $16.4 billion, but $3.4 billion is being held after the... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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