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NBU: Ukraine's economy to fall 'only' by 35-40% in 2022.

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According to the National Bank, Ukraine's GDP fell by 15.1% in the first quarter of 2022 compared to the first quarter of 2021, after growing by 6.1% in the fourth quarter of last year. The World Bank forecasts a 45.1% decline in Ukraine's economy this year, while the National Bank of Ukraine says the downturn will be at least 30%.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Ukrainian Institute of America (UIA) will convene technology innovators, defense experts, investors, policymakers, and scholars for a conference examining Ukraine’s emergence as a global driver of technological innovation under wartime conditions.

The committee was created by order of Lidia Izovitova, head of the association. Izovitova has faced criticism for allegedly being a protégé of pro-Kremlin politician Viktor Medvedchuk. Izovitova's tenure as head of the association ended in 2022, and she has been accused of holding her position illegally.

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