The European Bank for Reconstruction and Development has downgraded its economic growth forecasts for Ukraine, warning that intensified Russian attacks on Black Sea shipping and critical infrastructure are undermining recovery.
The bank now expects Ukraine’s economy to grow by 1.5% in 2026 and 2.2% in 2027, down from earlier forecasts of 2.2% this year and 4% in 2027.
In its September 2026 Regional Economic Prospects report, the EBRD said Ukraine’s economy was broadly flat in the first half of 2026, following growth of 1.8% in 2025.
