SAWT BEIRUT INTERNATIONAL

| 16 August 2022, Tuesday |

Ukraine’s economy could contract 40 percent in 2022, ministry says

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.

    Source:
  • Reuters