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The Independent UK
The Independent UK
National
Paul Wiseman

World Bank: Ukraine's war-torn economy will sink 35% in '22

Copyright 2022 The Associated Press. All rights reserved

Devastated by Russia's invasion eight months ago, the Ukrainian economy will plunge 35% this year, the World Bank forecast Tuesday.

The war has destroyed factories and farmland and displaced millions of Ukrainians. The World Bank, a 189-country anti-poverty agency, estimates that rebuilding the country will cost at least $349 billion, 1.5 times the size of Ukraine's prewar economy.

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