Ukraine's economy may shrink up to 35% if war continues, says IMF
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Ukraine`s economy is expected to contract by 10% in 2022 as a result of Russia`s invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday. The report said Ukraine`s economic output could shrink by 25% to 35%, based on real wartime gross domestic product data from Iraq, Lebanon and other countries at war.
