The economy of Ukraine in 2022 will shrink by at least 35%, according to World Bank experts. “It is currently predicted that the Ukrainian economy will shrink by 35% this year,” RIA Novosti quotes the World Bank. Economic activity is suffering due to the destruction of production facilities and damage to agricultural land, as well as a reduction in the workforce, the organization said. At the end of August, Ukrainian President Volodymyr Zelensky said that Ukraine would need up to $800 b
“It is currently predicted that the Ukrainian economy will shrink by 35% this year,” RIA Novosti quotes the World Bank.
Economic activity is suffering due to the destruction of production facilities and damage to agricultural land, as well as a reduction in the workforce, the organization said.
At the end of August, Ukrainian President Volodymyr Zelensky said that Ukraine would need up to $800 billion to restore.