(Washington Composite Electric) Russia's invasion of Ukraine's defeat not only brings disasters to Ukraine, but also hit its own economy.

The World Bank issued forecast data on Sunday that the war of Russia and Ukraine has caused Ukrainian companies to close, exports sharply, and economic activities in most areas have stalled. Ukraine's economy may shrink up to 45.1 % this year.

The World Bank pointed out that this number has not yet calculated the loss caused by the damage of Ukraine infrastructure, and a large number of refugees escaped Ukraine, which will crack down on Ukraine's future economic development and output value.

Ukraine is an important exporter of agricultural products.The World Bank said that the war disturbed the farming and harvesting activities of Ukraine, and the Black Sea Shipping closed and cut off about 90 % of the grain exports and half of the total export volume of Ukraine.

World Bank: Ukraine needs to get a lot of financial support immediately

From the invasion of Ukraine on February 24th in Russia, to the infrastructure loss of Ukraine in early March this year, it has exceeded US $ 100 billion (about S $ 137 billion), accounting for about three domestic GDP (GDP) of Ukraine 2019Two.However, it is already April, and the war is still ongoing and caused more damage, and the loss of infrastructure must be even greater.

The World Bank said that the scale of Ukraine's economy depends on the duration of the war and the degree of fighting fiercely, so there is a high degree of uncertainty.

The Vice President of the World Bank responsible for European and Central Asian affairs, Bigerd, issued a statement saying: "Ukraine needs to immediately get a lot of financial support. It is working hard to maintain economic development."

The World Bank has raised about $ 923 million in loans and subsidies for Ukraine, and prepared to provide at least $ 2 billion aid supporting facilities.

As for Russia, the World Bank predicts that the Russian economy shrinks 11.2 % due to sanctions from the United States and Western countries.

The impact and trade interruption caused by the war, the Eastern European region, including Ukraine, White Ross and Moldova, is expected to shrink by 30.7 % significantly this year.

The China -Europe region also faces the unfavorable factors of refugees, rising commodity prices, and weakening confidence in cracking down. China -Europe includes the economic growth rate of 2022 in the 2022 of Bulgaria, Croatia, Hungary, Poland, and Romania.Dexter to 3.5 %.

In addition, the World Bank also simulated a worse situation, that is, the war upgrade caused the loss of financial market confidence, the price of commodity prices was further hit, which may cause Ukrainian GDP to shrink by 75 %, and Russia's output atrophied by 20 %.

This situation will lead to 9 % economic atrophy of emerging markets in Europe and Central Asia.