A woman passes by a currency exchange rate board in Kyiv on Sept. 2, 2020. According to the European Bank for Reconstruction and Development, Ukraine’s economy will shrink by 5.5% in 2020 due to the COVID-19 pandemic.

Ukraine’s gross domestic product will shrink by 5.5% in 2020, according to the latest report by the European Bank for Reconstruction and Development.

This shows that the Ukrainian economy suffers more than expected: The previous EBRD report released in May 2020 stated that Ukraine’s GDP would drop by 4.5%.

Source: www.kyivpost.com

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