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The European Bank for Reconstruction and Development forecasted a 30% shrinkage in Ukraine's GDP in 2022, in its latest Regional Economic Prospects report. The forecast remains unchanged from the previous report in May.
With high levels of uncertainty about the progress of the war and Ukraine's economic recovery, the EBRD report updates its expectations for a GDP rebound in 2023 from 25% to 8%.
"Economic activity has been severely disrupted, even in regions without combat activity," the report stated, "due to supply bottlenecks, logistical challenges, financial difficulties, and a lack of adequate labor."
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Thursday, April 16
(Updated: )
The attack has killed at least two people, including a child, in Kyiv, and one victim in Dnipro. Over 20 others have been injured.
Thursday, April 16
Ukraine has introduced drone assault units that combine aerial and ground drones, the Defense Ministry announced on April 15.
Russia struck a residential building in Odesa, killing one and injuring six, while an attack on Kyiv Oblast sparked a fire, the State Emergency Service reported.
"We strengthened our air defense — with the cruise missile interception rate of almost 80% and drone interception rising to 90%," Defense Minister Mykhailo Fedorov said.
Russia has warned that European support for Ukraine's drone capabilities could lead to "unpredictable consequences," accusing several countries of becoming part of Kyiv's "strategic rear," the Russian Defense Ministry said on April 15.
(Updated: )
Italian Prime Minister Giorgia Meloni said earlier this week she would reiterate her country's support for Ukraine amid Russian aggression.
Russia agreed to pay damages for the downing of the Azerbaijani airliner in 2024 that killed 38 people, according to a joint statement by the two countries on April 15.
"With the goal of lowering the enemy's advance capabilities, we are maintaining a high strike intensity on military, defense industry, and other facilities on Russian territory that sustain the occupier's activities," Ukraine's Commander-in-Chief Oleksandr Syrskyi wrote.
