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.