Ukraine economy to contract sharply in 2022 due to war, IMF report says
The IMF report predicts that ukraine's economy will shrink sharply in 2022 as a result of the war
Ukraine's economy is expected to contract by 10% in 2022 as a result of Russia's invasion, but the outlook could worsen sharply if the conflict lasts longer, the International Monetary Fund said in a staff report released on Monday. The report, prepared ahead of the IMF's approval of $1.4 billion in emergency financing, said Ukraine's economic output could shrink by 25% to 35%, based on real wartime gross domestic product data from Iraq, Lebanon and other countries at war.
contract
English [ˈkɒntrækt; kənˈtrækt] 美 [ˈkɑːntrækt; kənˈtrækt]
n. Contracts, <非正式>covenants; assassination agreements; (bridge) number of covenant piers; marriage covenants, engagements
v. Shrinking, shrinking, contracting, contracting, contracting, contracting, contracting marriage (or covenant), owing (debt)
Con-, emphasis. -tract, pull, tighten, etymology with attract, retreat. By extension, the terms are established and the contract is concluded.
When something such as an economy or market contracts, it becomes smaller. (经济、市场等) 萎缩
The manufacturing economy contracted in October for the sixth consecutive month.
The manufacturing economy has been shrinking for six consecutive months by October.
outlook could worsen sharply
The outlook is likely to deteriorate sharply
sharply
英 [ˈʃɑːpli] 美 [ˈʃɑːrpli]
adv. Severely, sharply; sharply, suddenly and suddenly; sharply, obviously; swiftly and suddenly, urgently and loudly; sharply; sharply; fashionably
conflict
英 [ˈkɒnflɪkt] 美 [ˈkɑːnflɪkt]
n. Disputes, controversies, disagreements; battles, wars; conflicts, contradictions
v. Conflict, Conflict
Con-, emphasis. -flict, whip, struck, etymology fretllate (whipping), afflict.
Conflict is fighting between countries or groups of people. Conflicts (between countries or groups).
the conflict lasts longer
last here is the verb
If an event, situation, or problem lasts for a particular length of time, it continues to exist or happen for that length of time. 持续
The marriage had lasted for less than two years.
The marriage lasted less than two years.
International Monetary Fund
英[ˌɪntəˈnæʃnəl ˈmʌnɪtri fʌnd]
美[ˌɪntərˈnæʃnəl ˈmɑːnɪteri fʌnd]
International Monetary Fund; The abbreviation is IMF;
Meanwhile, the International Monetary Fund is warning of a worldwide slowdown in economic activity.
Meanwhile, the International Monetary Fund's International Monetary Fund (IMF) has warned that economic activity is slowing around the world.
approve
英 [əˈpruːv] 美 [əˈpruːv]
v. Agree, approve; approve, approve; like, appreciate; <古>prove, show; make (waste or public land) appreciate
emergency financing
Emergency financing
gross domestic product
英[ˌɡrəʊs dəˌmestɪk ˈprɒdʌkt]
美[ˌɡroʊs dəˌmestɪk ˈprɑːdʌkt]
n. Gross domestic product; Abbreviate GDP
That's slightly larger than France's gross domestic product.
This figure is slightly higher than France's GDP for the same period.
The Ukrainian economy is expected to shrink by 10 percent in 2022 due to the Russian-Ukrainian conflict, but the outlook could deteriorate sharply if the conflict lasts longer, the international monetary fund said in a working paper released on Monday. The report was prepared before the IMF approved $1.4 billion in emergency financing. Ukraine's economic output could shrink by 25 to 35 percent, the report shows, based on real wartime GDP data from Iraq, Lebanon and other countries at war.
From Reuters