Uncategorized

The Economist: Russia’s war in Ukraine ‘has taken $1 trillion off this year’s forecast for global GDP.’

0 min read

According to the Economist Intelligence Unit's (EIU) global economic forecast published on Feb. 15, the world’s GDP was expected to increase by 3.9% in 2022, “after a stellar 2021.” However, the EIU, which expects the war in Ukraine to “continue until at least the end of the year,” has revised its global growth estimates down by 1.1 percentage points, to 2.8% year-on-year, which means that Russia’s war in Ukraine “has taken $1 trillion off this year’s forecast for global GDP.”

Avatar
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.

Read more
News Feed
Video

Did Ukraine's largest deep-strike campaign achieve its goal? In this episode of Ukraine This Week, Anna Belokur examines the results of Ukraine's 40-day campaign of long-range drone strikes deep inside Russia – whether it shifted the balance in the war, weakened Russia's economy, or changed the Kremlin's political calculations.

Show More