Ukraine needs 7 billion USD per month to maintain the economy
This is higher than the $5 billion Kiev previously estimated to ensure the economy continues to function.
Speaking online before the leaders of the World Bank (WB) and the International Monetary Fund (IMF), President Zelensky said that the current conflict has seriously affected the economic foundation of Ukraine, causing serious damage to Ukraine. damage to the country’s railway system, food storage, oil, and oil refineries.
The IMF has warned that the conflict in Ukraine will have far-reaching economic impacts both in the country and around the world. This financial institution predicts that Ukraine’s economy will shrink by 35% this year, while Russia’s gross domestic product (GDP) will shrink by 8.5%.
The heavy impact of the conflict in Ukraine also led the IMF to lower its forecast for global economic growth to 3.6% in 2022 and 2023.
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