This audio is created with AI assistance
Twenty-five percent of Ukrainians would be living in poverty by the end of the year, and the number could rise to as high as 55% by the end of 2023, according to World Bank regional country director for Eastern Europe Arup Banerji.
Russia's increased attacks against civilian infrastructure will complicate the dire economic situation Ukraine is facing, Banerji said. "If this continues, the outlook is going to be much, much harder."
Ukraine’s GDP has dropped by 30% in the first nine months of 2022. The Economy Ministry notes that Russia’s full-scale invasion and the weather, which has been rainy and thus slowed harvest in some regions, are critical reasons for the decrease in the first three quarters of 2022.
Three years of reporting, funded by our readers.
Millions read the Kyiv Independent, but only one in 10,000 readers makes a financial contribution. Thanks to our community we've been able to keep our reporting free and accessible to everyone. For our third birthday, we're looking for 1,000 new members to help fund our mission and to help us prepare for what 2025 might bring.
Three years. Millions of readers. All thanks to 12,000 supporters.
It’s thanks to readers like you that we can celebrate another birthday this November. We’re looking for another 1,000 members to help fund our mission, keep our journalism accessible for all, and prepare for whatever 2025 might bring. Consider gifting a membership today or help us spread the word.
(Updated: )
