Ukraine Economy

Independence Square in the capital Kiev (Ukraine). Photo: Xinhua

EU imposes new taxes, Ukraine's economy expected to decline sharply

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Ukraine's GDP is forecast to fall by 6.4% in 2030 after the European Union (EU) introduced new taxes to protect the environment.

Photo of a street in winter in the capital Kiev (Ukraine). Photo: Xinhua

Pessimistic forecast for Ukraine's economy in 2025

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Ukraine's economy is forecast to grow slower in 2025 than last year as it faces a protracted conflict and energy crisis.