Wednesday, November 30, 2022

externalWorld Bank predicts Ukraine’s economy to shrink by almost half in 2022.

This item is part of our running news digest

by The Kyiv Independent news deskApril 11, 2022 1:24 am
Share

Ukraine’s economy is on course to contract by over 45% this year as Russia's full-scale invasion and the impact of a “deep humanitarian crisis” takes its toll, the World Bank said on April 10 in a new report. The organization also forecasts Russia’s 2022 GDP output to fall 11.2% due to financial sanctions.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.