**Ukraine‘s Economy on the Rise, Russia’s in Trouble**
The war between Ukraine and Russia has had a big impact on both countries’ economies. According to The Economist, Ukraine’s economy is doing better than expected, while Russia’s is facing serious problems.
**Ukraine Bounces Back**
Last year, Ukraine’s economy suffered a huge 29.1% drop in GDP due to the Russian invasion. But this year and next year, it’s expected to grow by over 4%. This is thanks to the country’s ability to adapt to the war situation and get support from local businesses, the government, and international partners.
**Russia Struggles**
Russia, on the other hand, is facing serious economic problems. It has high inflation, a falling currency (the ruble), and an interest rate of 21%, which is its highest level in over 20 years. Ukraine’s central bank also raised its interest rate, but to a much lower 13.5%.
**Ukraine’s Growth May Slow Down**
While Ukraine’s economy is doing well now, it still faces challenges like labor shortages, energy deficits, and tight finances. The country needs international support to keep going, and the US government’s willingness to provide aid is uncertain.
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