(Reuters) – Ukraine’s economy shrank 16% year-on-year in the first quarter of this year and could contract 40% in 2022 as a result of Russia’s invasion, the economy ministry said in a statement on Saturday, citing preliminary estimates.
“Areas in which remote work is impossible have suffered the most,” it said.
(Reporting by Natalia Zinets; Writing by Alessandra Prentice; Editing by Alison Williams)