of ukraine Economy The International Monetary Fund said in a staff report released on Monday that it is expected to contract by 10% in 2022 as a result of Russia’s aggression, but if the conflict goes on for longer, the outlook could rapidly deteriorate.
The report, prepared ahead of the IMF’s approval of $1.4 billion in emergency financing, said Ukraine’s economic output was down by 25% to 35%, based on real wartime GDP data from Iraq, Lebanon and other countries at war. It is possible.
Ukraine has an external financing gap of $4.8 billion, but its financial needs are expected to increase and will require significant additional concessional financing, the report said.
The report said the country’s public debt is expected to increase from 60% of GDP in 2022 to around 50% in 2021.
This story has been published without modification in text from a wire agency feed.
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