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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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In this interview, The Kyiv Independent's Francis Farrell speaks with Mykola Bielieskov, senior analyst at Come Back Alive and research fellow at the National Institute for Strategic Studies, about why Russian advances have slowed, how Ukraine’s drone tactics are reshaping the battlefield, and the limits of relying on manpower alone.

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