Now Reading:

Ukraine's economy shrinks faster from fighting


Ukraine's economy shrinks faster from fighting


Ukraine’s economic decline is accelerating.

The government says GDP contracted by 4.7 percent in the second quarter from the same period last year.

That is as fighting between the army and pro-Russian separatists in the east took a heavy toll on industry and other economic activity.

The two eastern regions where the conflict is raging usually contribute nearly 16 percent of Ukraine’s GDP.

The economy may also take a hit from Western sanctions being imposed on Russia.

The International Monetary Fund now sees Ukraine’s GDP falling by 6.5 percent this year.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article