Ukraine's economy shrank by more than 30% in 2022 | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The projected 30.4% contraction in gross domestic product is much better than experts feared shortly after Russia’s invasion in February 2022

Ukraine’s economy shrank by more than 30% in 2022 after Russia’s brutal invasion destroyed infrastructure, paralyzed businesses and disrupted daily life, according to the country’s economy ministry. “During 2022, Ukraine’s economy suffered the largest losses and damage in the history of its independence,” Economy Minister Yulia Svyrydenko said Thursday. . At the time, many projected that Ukraine’s economic output would plunge by between 40% and 50%.

“The successes of the Ukrainian defense forces on the battlefield, the coordinated work of the government and business, the indomitable spirit of the population, the speed of restoration of destroyed/damaged critical infrastructure by domestic services, as well as systematic financial support from international partners allowed us to hold the economic front and continue to move towards victory,” Svyrydenko said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You mean the ‘experts’ got it wrong AGAIN? What a surprise.

Is there COVID 19 in Ukraine? Why do you not share the data

I hope Zelensky will quit counting his dead and quit whining and begging for help and that he will accept Putin's demands: no NATO, no Nazi (as neighbors). The West is a mix capitalism-fascism; the East is a mix capitalism-fascism-communism. The first mix is weaker than the 2nd.

Much better than TERRIBLE is still TERRIBLE...way to try and soften the Biden disaster.

After pumping billions ofcourse. 'experts' didn't take those billions into consideration.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM recaptured US sales title from Toyota in 2022 | CNN BusinessOne year after losing the title it held for nearly a century as the top car seller in America, General Motors is back on top. They are lucky they got a bailout from the U.S. government.
Source: CNN - 🏆 4. / 95 Read more »

Sales of Manhattan apartments nosedived at the end of 2022 | CNN BusinessIt is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. Of course. Animals destroyed the city. getsummari summarize
Source: CNN - 🏆 4. / 95 Read more »