Ukraine minister: GDP contraction of 39% expected in 2022 vs earlier forecast of 35%
© Reuters. FILE PHOTO: A view of an apartment building damaged by Russian shelling, as Russia’s attack in Ukraine continues, in Avdiivka, Donetsk region, Ukraine November 7, 2022. REUTERS/Oleksandr Ratushniak/File Photo
WASHINGTON (Reuters) – Ukrainian economy minister Yulia Syvrydenko said Russia’s destruction of civilian infrastructure would widen the expected contraction of gross domestic production to 39% from an earlier forecast calling for a 35% drop.
Syvrydenko told reporters the Ukrainian government was taking steps to reduce the size of the government that would also include reduction of staff and that she is seeking a year-long extension of suspension of U.S. tariffs on steel.
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