Ukraine's economy to shrink by at least 35 pct this year: PM

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Ukraine's economy to shrink by at least 35 pct this year: PM

STORY: Ukraine's economy to shrink by at least 35 pct this year: PM DATELINE: July 6, 2022 LENGTH: 00:01:05 LOCATION: Kiev CATEGORY: ECONOMY SHOTLIST: 1.various of Russia-Ukraine conflict 2.various of street view in Kiev STORYLINE: The Interfax-Ukraine news agency reported on Tuesday that Ukrainian Prime Minister Denys Shmyhal said Ukraine's gross domestic product (GDP) will shrink at least 35 percent this year due to the conflict with Russia. Shmyhal made the remarks while addressing the Ukraine Recovery Conference in Switzerland, saying that the Ukrainian economy has started recovering from the "shock coma" of the first weeks of the conflict. Shmyhal said the government carried out a "relatively successful" grain sowing campaign and resumed logistics across the western border, noting that the economy still faces many challenges. According to the State Statistics Service, Ukraine's GDP contracted 15.1 percent year on year in January-March 2022. According to the estimates of the National Bank of Ukrain

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