KIEV: The World Bank sharply cut its outlook for war-torn Ukraine on Wednesday, forecasting its economy will shrink by a massive 7.5 percent this year.

The move saw the UN development lender lowering its 2015 economic outlook from previously estimated contraction of 2.3 percent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details