WASHINGTON: 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 says.
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The Georgian economic growth is expected to slow to 2.5 percent in 2022 due to ongoing hostilities in Ukraine, the World Bank’s Europe and Central Asia Economic Update said, according to Agenda.ge. The report from the World Bank, which had forecasted a 5.5 percent growth