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August 01, 2024 07:58 GMT

Ukraine’s economical downfall increases

Ukraine’s economy if declining at a faster and faster rate as fighting enrages in the eastern parts of the country.

 

Its GDP has fallen by 4.7 percent just in the second quarter as compared to the same period of last year.

 

Turmoil in the eat f Ukraine is the main reason for its economical downfall as pro-Russian controlled territory has blocked industrial production and, thus, an important part income.

 

The International Monetary Fund predicted that Ukraine’s GDP will fall by 6.5 percent this year.