IMF: Ukraine’s economy may shrink 10 to 35 percent

Economy

IMF: Ukraine’s economy may shrink 10 to 35 percent.

According to the International Monetary Fund, the Ukrainian economy is expected to shrink by 10 percent this year as a result of the Russian occupation.

This statistic could be even worse if Russian aggression continues.

In a report released today, the IMF said Ukraine’s economy could shrink even further by 25 to 35 percent, depending on how long the war lasts – and this overview is modeled on other countries affected by the war such as Iraq and Lebanon.

On the other hand, the IMF has approved the $ 1.4 billion emergency fund for Ukraine to fill the $ 4.8 billion gap – but that amount is not enough based on the demands that are.

The public debt of this country is expected to increase to 60 percent this year, unlike last year which was about 50.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post
Ukraine

For us, Ukraine is not just a territory it’s our life

Next Post
Pentagon

Pentagon: Most of the Russian forces have not progressed

Related Posts