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

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April 11, 2022 1:24 amby The Kyiv Independent news desk

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.

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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk