9 minutes agoNegative forecast for Ukraine's economy, contracting 45% this year
Periskopi(4 years ago)
(4 years ago)The World Bank has predicted that Ukraine's economy will contract 45% this year as a result of the war. The financial institution also predicts that the economic damage in the country will be greater than the one caused by the Pande 19 pandemic. And that, not only in Ukraine, but also in several states of [...]
On the other hand, the World Bank predicts that, as a result of sanctions imposed by the West, Russia's economy will shrink by over 11%.
Since February 24th, the vast majority of the labor force in Ukraine has been forced to leave, or to leave, vehicles to take up arms. Businesses have been closed, while roads, factories and other important infrastructure have been damaged. According to the World Bank, Russian bombs have destroyed years of advance by Ukraine since the break from the Soviet Union in 1991, writes a2cn.
Ukraine is the main source of sunflower and wheat, but due to the war, export has stopped. As a result, the prices of these products have increased significantly worldwide, while Ukraine is not collecting vital money for its economy.
