Ukraine’s economy can also contract 40% in 2022, ministry says

© Reuters. A native man walks previous a damaged armoured private carrier, as Russia?s assault on Ukraine continues, in town of Makariv, in Kyiv procedure, Ukraine April 1, 2022. Characterize taken April 1, 2022. REUTERS/Serhii Mykhalchuk

(Reuters) – Ukraine’s economy shrank 16% 300 and sixty five days-on-300 and sixty five days in the first quarter of this 300 and sixty five days and would possibly well just contract 40% in 2022 as a results of Russia’s invasion, the economy ministry acknowledged in a narrate on Saturday, citing preliminary estimates.

“Areas in which faraway work will not be any longer seemingly possess suffered essentially the most,” it acknowledged.

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