KYIV, March 14 – As of March 7, the International Monetary Fund (IMF) predicted a fall in Ukraine's GDP in 2022 as a result of Russia's armed aggression, provided that it ends as soon as possible, by 10% and inflation rises to 20%.

"There is massive uncertainty around the baseline, but at a minimum, staff expects a deterioration in the growth outlook of at least 13.5 percentage points relative to a pre-war baseline, with output falling 10% this year assuming a prompt resolution of the war and substantial donor support. This compares to a decline of output of 6.6% in 2014, followed by a decline of just under 10% in 2015, in the context of the earlier Russia-Ukraine conflict in Eastern Ukraine, which resulted in the annexation of Crimea," the fund's materials for emergency financing of Ukraine for $1.4 billion say.