KYIV, Oct 7 – Ukraine has entered the crisis in better macroeconomic condition than in previous crises due to prudent macroeconomic management over the past several years, and activity in Ukraine, the largest economy in the subregion, is projected to shrink in 2020, by 5.5%, the World Bank said.

"Going forward, growth is expected to remain modest at 1.5% in 2021, rising to about 3.7% by 2023," the World Bank said in the Europe and Central Asia Economic Update "COVID-19 and Human Capital."