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EBRD: Ukraine’s economy to shrink by a fifth this year.

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According to the European Bank for Reconstruction and Development, the economy may bounce back in 2023, growing 23%, under a scenario where a ceasefire is brokered within several months. “Currently, the war is happening on territories that produce 60% of Ukrainian GDP,” the EBRD said in the report.

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The Kyiv Independent news desk

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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