Ukraine's economic output is likely to contract by a drastic 45.1 per cent due to Russia's unprovoked invasion, which has rendered economic activity impossible in the European nation, the World Bank said.
The Washington-based lender in its "War in the Region" economic update on Sunday said Russia's GDP output for 2022 will fall 11.2 per cent owing to the plethora of sanctions imposed by the United States and its allies.
