Inflation in Ukraine is 24.6% and is expected to reach 30% by the end of the year, while the economy is expected to shrink by 30%.
By the end of 2022, unemployment in Ukraine will be 30%. Also, by the end of the year, the collapse of the Ukrainian economy will accelerate. This was announced on Monday, October 24, according to Ukrinform.
According to the First Deputy Prime Minister – Minister of Economy of Ukraine Yulia Sviridenko, one of the challenges for the government is to solve the problems of unemployment, that is, people’s work and their return from other country.
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“The issue of employment should be covered by state care. For us, maintaining the normal functioning of the economy is a task that is less important than winning,” said Yulia Sviridenko.
He added that the current inflation in Ukraine is 24.6%. While at the end of the year it is expected to be at the level of 30%. The economic collapse is also predicted at the level of 30%.
It was previously reported that unemployment in Ukraine has reached record levels. Normally the unemployment rate is kept in the region of 9-10%, but because of the war it has risen to 35% and is not the limit.
It has also been reported that the unemployed will be offered public works and denied assistance if they are rejected.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.