Amid Russia’s war, Ukraine’s economy will shrink by at least 35% in 2022

Ukraine’s GDP will shrink by at least 35% this year due to the conflict with Russia, Interfax-Ukraine news agency reported, citing Ukrainian Prime Minister Denys Shmyhal.

Addressing the Ukraine Recovery Conference in Switzerland, Shmyhal said Ukraine’s economy had begun to recover from the “shock coma” of the first weeks of the conflict.

The government has carried out a “relatively successful” grain planting campaign and resumed logistics across the western border, Shmyhal said, noting that the economy still faces many challenges, Xinhua news agency reported. .



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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