Page 14 - UKRRptJul22

3.0 Macro Economy
3.1 Macroeconomic overview
NBU: Ukraine's economy to fall by 'only' 35-40% in 2022. According to the National Bank, Ukraine’s GDP fell by 15.1% in the first quarter of 2022 compared to the first quarter of 2021, after growing by 6.1% in the fourth quarter of last year. The World Bank forecasts a 45.1% decline in Ukraine’s economy this year, while the National Bank of Ukraine says the downturn will be at least 30%.
14 UKRAINE Country Report XXXX 2018 www.intellinews.com