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IMF expects Ukraine's economy to fall by 35% in 2022.

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According to the International Monetary Fund's report, Russia's gross domestic product will drop by 8.5% this year. The IMF also expects that Russia's war "will contribute to a significant slowdown in global growth in 2022 and add to inflation."

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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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A co-founder of the New York Group — a collective of Ukrainian emigre writers — Tarnawsky helped to expand and redefine contemporary Ukrainian literature through his embrace of narrative structure experimentation and linguistic innovation.

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