https://www.mercurynews.com/2022/04/11/live-updates-world-bank-ukraine-economy-to-shrink-45/

LONDON — The World Bank says Ukraine’s economy will shrink by 45% this year because of Russia’s invasion, which has shut down half of the country’s businesses, choked off imports and exports, and damaged a vast amount of critical infrastructure.

Unprecedented sanctions imposed by Western allies in response to the war, meanwhile, are plunging Russia into a deep recession, lopping off more than a tenth of its economic growth, the Washington-based lender said in a report Sunday.