Ukrainian economy could contract 35-40% by year-end - minister

Ukrainian economy could contract 35-40% by year-end - minister - Copyright Thomson Reuters 2022

By Reuters

Published on 20/08/2022 - 11:20•Updated 01/05/2024 - 11:53

KYIV - Ukraine's economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday.

Hit by Russia's Feb. 24 invasion, the economy contracted 15.1% year-on-year in the first quarter of 2022.

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