World Bank Says War Could Destroy Nearly Half Of Ukraine's Economy This Year

A bird is seen next to a missile from a previous Russian military attack as the damaged Kharkiv Regional State Administration building seen in the background, amid Russia's attack on Ukraine, in Kharkiv, Ukraine. REUTERS/Alkis Konstantinidis  

CNN: War could destroy nearly half of Ukraine's economy this year 

Hong Kong (CNN Business)Ukraine could lose almost half of its economy this year as a result of Russia's invasion, according to the World Bank. 

In a report published Sunday, the bank estimated that the country's GDP could decline by 45.1% this year, although it noted that "the magnitude of the contraction will depend on the duration and intensity of the war." 

Since the incursion began, vast swathes of Ukraine's infrastructure have been devastated, with many bridges and neighborhoods damaged or destroyed. Some areas, including ports, have been hit by blockades, while farmland around the country has been turned into battlefields. 

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World Bank Says War Could Destroy Nearly Half Of Ukraine's Economy This Year  

Russian Invasion to Shrink Ukraine Economy by 45 Percent this Year -- World Bank  

Russia's war to shrink Ukraine economy 45%, World Bank says -- AP  

War to slash Ukraine's GDP output by over 45%, World Bank forecasts -- Reuters  

Russia's war will shrink Ukraine's economy by 45% this year, World Bank says -- Euronews  

Putin’s War Set To Cost Europe Twice As Much As COVID In 2020 -- OilPrice.com