KYIV, May 15 – Ukrainian economic growth this year will slow to 2.9% after 5.3% in 2023, followed by acceleration to 5.9% next year, according to the European Economic Forecast. Spring 2024 report published on the European Commission's website on Wednesday.

"The war will continue to dampen sentiment and hinder productive capacities, including in the energy sector, where early estimates suggest that between 30-40% of energy generating capacity was destroyed in early 2024. The ongoing conscription of individuals, coupled with the sustained displacement of persons fleeing the war both internally and abroad, will likely continue to generate labour shortages and have repercussions for economic output," the rationale for this forecast is given.