Ukraine’s economy likely to contract 30% in 2022, Dragon Capital says Journal Staff Report
Ukraine's GDP in 2022 will fall by 30%, subject to a protracted war until the end of the year, and subject to a truce and the possible opening of ports – by 22-25%, such estimates were voiced by Dragon Capital Head Tomas Fiala. "This will be a big blow to the economy - its losses will amount to 30% of GDP, if there is no truce and the war lasts all year. If there is a truce, then we predict a 22-25% decline in the economy," he said.
|