At the beginning of the year, a few days before russia’s invasion of Ukraine, leading financial and analytical structures predicted global economic growth within 3.9–4.1%. Compared to last year’s 5.7%, this, of course, was a slowdown, but on February 24 even those modest figures were crossed out.

According to the war-adjusted data, the global economy will grow by no more than 2.8–2.9% in 2022. In absolute terms, according to the latest report by the Economist Intelligence Unit, we are talking about a loss of at least $1 trillion. This is provided that the war lasts until the end of the year. If it goes on into 2023, no one can yet predict how much it will cost the global economy.

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Horrible news.

Oleksii Vadaturskyi and his wife Raisa have been killed in Mykolaiv during Russian shelling.

Nibulon, founded by Vadaturskyi, is one of the key players in the agricultural market of Ukraine: production of grain and other crops, an extensive network of elevators, an own fleet and shipyard, high-quality logistics chains for the delivery of products within Ukraine and for export. Numerous projects of Vadaturskyi’s company worth hundreds of millions of dollars have brought it to the twenty largest in Ukraine.

A Russian missile has hit the house where the Vadaturskyi spouses lived.

Sincere condolences to the son Andrii Vadaturskyi, all relatives and friends.

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Boris Lozhkin

Boris Lozhkin

President of the Jewish Confederation of Ukraine and Vice-President of the World Jewish Congress. https://borislozhkin.org/