According to economist Mikhail Kukhar, starting from the second quarter of next year, wages will reach the average pre-war level of $ 600.
The increase in wages in Ukraine was necessitated by businesses’ lack of skilled workers, but it still helps increase GDP and revive the economy. So in the interview Focus said Mikhail Kukhar, chief economist of the Ukrainian Economic Outlook.
According to the expert, businesses were even willing to overpay for lowly positions such as salespeople or cashiers. And in macroeconomics, wage growth is a good sign if its level increases not due to staff shortages, but due to increased labor productivity and operating margins.
That’s not bad either, the expert says, because that money still goes to the domestic market, which supports other manufacturers and service providers. So even in the context of a large-scale war, we have GDP growth of $175 billion, which is $22 billion more than last year. Although before the war this figure was 200 billion dollars.
“My words may sound extremely optimistic, but the numbers I have,” says Mikhail Kukhar, “everyone in the West is surprised at how this is possible in a country where there is war, because they have been waiting for our economic collapse for a long time.”
Previously Focus He said that mass indexation of pensions should be expected later. The expert said when the recalculation will take place in Ukraine.
Source: Focus
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