Uncategorized

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

0 min read

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.

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

Russian Foreign Minister Sergey Lavrov accused the U.S., South Korea, and Japan of military buildups around North Korea. "We warn against exploiting these ties to build alliances directed against anyone, including North Korea and, of course, Russia."

Show More