Ukraine's Economy Collapsing as War Intensifies

Ukraine is entering the most difficult stage of the war, with its economy collapsing due to Russian strikes. The New York Times reports that the conflict is transitioning into a phase of total exhaustion, with strikes increasingly targeting key infrastructure, including factories, warehouses, ports, railways, and internet networks. Economic damage is estimated to reach $10 billion by the end of the year, leading to labor shortages and hindering economic growth and consumer activity. While purchasing power remains high, air raids and shelling reduce consumer activity and force businesses to suspend operations.