Ukraine's GDP Falls 10.5 Percent In First Quarter Of 2023

A Ukrainian national flag flies in front of the government building in central Kyiv. (file photo)

Ukraine's gross domestic product fell 10.5 percent in the first quarter of the year compared with the same period a year ago, the Economy Ministry said on June 9. The ministry said in a statement the fall was less than it had initially expected, indicating that the economy was adapting to events following Russia's invasion more quickly than expected. The ministry said it had initially expected GDP to fall 14.1 percent in the first quarter of 2023. To read the original story by Reuters, click here.