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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

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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As global attention has shifted to Ukraine’s energy crisis, the fighting on the eastern front has not slowed. The Kyiv Independent’s Francis Farrell speaks with Volodymyr Polevyi, head of public affairs for the 7th Rapid Response Corps of the Air Assault Forces, about the battle for Pokrovsk and Myrnohrad in Donetsk Oblast.

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