WASHINGTON (Reuters) – Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and destroyed productive capacity, the World Bank said on Sunday in a new assessment of the war’s economic impacts. The World Bank also forecast Russia’s 2022 GDP output to fall 11.2% due to punishing financial sanctions imposed by the United States and its Western allies on Russia’s banks, state-owned enterprises and other institutions. The World Bank’s Eastern Europe region, comprising Ukraine, Belarus and Moldova, is forecast to…