IMF predicts ‘deep recession’ in Ukraine; European stock markets to open lower after Wednesday’s rebound ahead of ECB rate decision and US inflationGood morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.The International Monetary Fund’s executive board has approved $1.4bn in emergency financing for Ukraine, and predicted a “deep recession” in Ukraine this year. In a statement, it expressed its “strong support for the Ukrainian people”.The Russian military invasion of Ukraine has been responsible for a massive humanitarian and economic crisis. Financing needs are large, urgent, and could rises significantly as the war continues.We took multiple factors including the supply chain situation into account when we came to the decision. Continue reading…
IMF predicts ‘deep recession’ in Ukraine; European stock markets to open lower after Wednesday’s rebound ahead of ECB rate decision and US inflation
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The International Monetary Fund’s executive board has approved $1.4bn in emergency financing for Ukraine, and predicted a “deep recession” in Ukraine this year. In a statement, it expressed its “strong support for the Ukrainian people”.
The Russian military invasion of Ukraine has been responsible for a massive humanitarian and economic crisis.
Financing needs are large, urgent, and could rises significantly as the war continues.
We took multiple factors including the supply chain situation into account when we came to the decision.