The Wall Street JournalThe Wall Street Journal

Ukraine war to take sharp economic toll in Eastern Europe

By Paul Hannon

16 Feb 2023 · 3 min read

Eastern European economies tend to rely heavily on energy-intensive factories. For this reason, they've been hard hit by the war—and the high energy costs that have resulted from it. The WSJ reports.

Curated by informed

Russia’s war in Ukraine will cause a sharp slowdown in economic growth across Eastern Europe this year, deterring foreign investment and lifting energy prices and borrowing costs, the European Bank for Reconstruction and Development has warned.

Most of the European countries that are closest to the front line showed surprising resilience during the first year of the war. But many economies in the region are more reliant on energy-intensive factories than their counterparts in Western Europe and they could see their market share erode as their costs increase.

The news, curated.

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