Ukrainian economy will shrink at rate eight times that of Russia, World Bank forecasts
by Larry Elliott Economics editor from on (#64C8P)
Kyiv economy will contract by 35% in 2022, compared with a 4.5% fall in Russian GDP
Ukraine's economy will shrink at a rate eight times that of Russia this year as a result of the war triggered by Moscow's invasion in February, the World Bank has estimated.
In its latest report on Europe and central Asia, the Washington-based institution said the Ukrainian economy would contract by 35% in 2022, compared with a 4.5% fall in Russian GDP.
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