EBRD expects Ukraine’s economy to contract by nearly a third in 2022 - EBRD continues to expect Ukraine’s economy to shrink by 30 per cent in 2022 - Bank lowers 2023 GDP growth forecast from 25 per cent to 8 per cent - EBRD Regional Economic Prospects (REP) report highlights war-induced uncertainty Russia’s war on Ukraine will cause the latter’s economy to shrink by nearly a third in 2022, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD