Economics
Ukraine Economy to Fall 45% in 2022, Russia 11%, World Bank Says
A resident looks at a destroyed residential building in Kharkiv, on April 10.
Photographer: Sergey Bobok/AFP/Getty ImagesThis article is for subscribers only.
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President Vladimir Putin’s invasion of Ukraine will cause that country’s economy to contract by almost half -- or 45.1% -- this year, while Russia’s will shrink by 11.2%, according to the World Bank.