Ukraine’s economy will plunge by almost a third in 2022, more than previously expected, in a scenario in which the war ends this year, says the European Bank for Reconstruction and Development (EBRD).
The expected downturn is deeper than the 20% contraction the EBRD estimated in March because of a “larger-than-previously-expected contraction in Ukraine as the war drags on”, the EBRD said in a report. ..
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