People wearing masks are crossing the road front of the World Bank Group building in Washington DC on Sept.25, 2020 amid the Covid-19 crisis. – The 2020 Annual Meetings of the International Monetary Fund (IMF) and the Board of Governors of the World Bank Group (WBG) will be held virtually for the second time, this year, on October 12-18, 2020, amid coronavirus pandemic.

Ukraine’s gross domestic product will contract by 5.5% in 2020 but may rebound next year, the World Bank reported in its Europe and Central Asia Economic Update on Oct. 7.

The World Bank expects the Ukrainian economy to grow by 1.5% in 2021 and 3.1% in 2022. In comparison, GDP grew by 3.3% in 2019, according to the Economy Ministry. 

Source: www.kyivpost.com

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