New Delhi, June 13 -- By spring, the International Monetary Fund had set Ukraine's growth forecast at 2 percent for 2026. That number is gone now. On Friday, the Fund revised its projection for the Ukrainian economy down to a range of 1.0 to 1.6 percent, citing the continuing burden of the Russian operation in Ukraine and the accumulating drag from hostilities in the Middle East. Risks to the outlook, it added, remain "exceptionally high."

one grinding through its fourth year on Ukrainian soil, the other reshaping global energy markets from the Persian Gulf - with neither showing signs of resolution.

"GDP growth is projected to slow to 1.0-1.6 percent in 2026 due to the impacts of Russia's ongoing war in Ukraine, and spillovers from the...