Ukraine GDP to shrink 29.1 percent in 2022: official data

By comparison, the pro-Western country’s GDP grew by 3.4 percent in 2021 before an invasion ordered by Russian President Vladimir Putin in February 2022.

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The Battle of Moscow killed thousands, forced millions to flee, and devastated the economy.

The state statistics service said late Wednesday that construction was the hardest-hit sector as it shrank 67.6 percent last year.

the world bank has said ukraine In the wake of Moscow’s attack in February last year, $411 billion is needed for its reconstruction and recovery.

The global lender said Russia damaged more than 50 percent of Ukraine’s electricity infrastructure in attacks on its neighbors in the autumn and winter months.

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