War to hammer Russia, Ukraine economies this year: EBRD

March 31, 2022 1:25 PM

LONDON (AFP) – Russia’s economy will contract by 10 per cent this year and Ukraine’s by as much as 20 per cent as the war between the two countries causes “the greatest supply shock” for 50 years, the European development bank, EBRD, forecast on Thursday (March 31).

Source : https://www.straitstimes.com/business/economy/war-to-hammer-russia-ukraine-economies-this-year-ebrd

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