Ukraine‘s economic output will likely contract by a staggering 45.1% this year as Russia‘s invasion has shuttered businesses, slashed exports and rendered economic activity impossible in large swaths of the country, the World Bank said on Sunday in a new report. The World Bank also forecast Russia’s 2022 GDP output to fall 11.2% due to punishing financial sanctions… Continue reading Russian invasion to cut Ukraine’s GDP by over 45% this year, World Bank predicts