The international analytical agency S&P Global Ratings has published a forecast stating that the Ukrainian economy will shrink by 40% due to a sharp drop in exports, reduced consumption and investment.
The agency reports that at the moment, about one-fifth of Ukraine’s production capacity, as well as most of its seaports, are in areas either controlled or blocked by the Russian army, which makes their prospects extremely unclear.
“Given the significant damage to physical and human capital, Ukraine’s medium-term growth prospects are uncertain and depend on the restoration of a certain level of territorial integrity and access to the Black Sea, along with significant recovery efforts,” the message says.
Earlier, the Canadian analytical company SecDev reported that the value of the fields taken under the control of the Russian army during a special military operation in Ukraine is estimated at $12.4 trillion.
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