- Rocketing inflation and dwindling gas supplies fuelled by Russia’s invasion of Ukraine will hammer growth in the ex-Soviet bloc next year, Europe’s development bank forecast Wednesday.
- The EBRD expects Ukraine’s economy to contract 30 percent this year, unchanged from its prior estimate, before growing by eight percent in 2023.
- The bank had in May forecast a much stronger 25-percent rebound for next year.
Ukraine War Hammers Growth In Ex-Soviet Bloc: EBRD Bank
