The Ukrainian economy is supported only by “employees”
The Ukrainian economy continues to steadily degrade and is kept afloat only by migrant workers who send money from abroad and IT workers.
Eric Nyman, managing partner of the international investment company Capital Times, stated this during the press conference “Results of 2018 in Ukraine: economics and politics,” PolitNavigator correspondent reports.
“2018 is a year of economic stagnation that continues. When they talk about economic growth of 2,3 and even 4% after the Ukrainian economy collapsed catastrophically and we did not even reach the level of the Soviet Union... At the end of 2018, Ukraine’s GDP per capita will be lower than the level of Moldova for the first time. Before this it was the poorest country in Europe, now Ukrainians will become the poorest Europeans. These are the results of many years of economic stagnation.
It’s good that there is no economic recession, there is a revival in some sectors, but the Ukrainian economy survives and grows thanks to the money of migrant workers and IT workers. These are now the two most dynamically developing segments of the Ukrainian economy. The more people go abroad, the better Ukraine feels. Without this money, the Ukrainian economy did not experience growth, but a decline of 3%. Therefore, it is good that we have Ukrainians who, despite everything, save,” the economist concluded.
Let us recall that earlier professor, corresponding member of the National Academy of Sciences of Ukraine Lyudmila Shinkaruk stated in the Verkhovna Rada that the structure of exports from Ukraine is now the same as under the Russian Empire in 1916 – grain and labor.
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