Ukraine's economy could contract 40% in 2022, ministry says
- Economy
- Reuters
- Published Date: 10:57 | 02 April 2022
- Modified Date: 11:03 | 02 April 2022
Ukraine's economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia's invasion, the economy ministry said in a statement on Saturday, citing preliminary estimates.
"Areas in which remote work is impossible have suffered the most," it said.
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