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Event Brief

Ukraine’s central bank forecasts economic contraction

Ukraine’s central bank said the country’s economy will contract in 2026, the first contraction since Russia’s full-scale invasion began. The bank linked its forecast to Russia’s escalating airstrikes against civilians and businesses.
WHO: Ukraine’s central bank
WHAT: Ukraine’s central bank said the country’s economy will contract this year.
WHEN: Reported Oct 29, 2026 at 10:23 AM ET
WHERE: Ukraine
WHY: The central bank linked the forecast to Russia’s escalating airstrikes against civilians and businesses.

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