The National Bank forecasted when salaries in Ukraine will exceed the pre-war level.
Ukraine forecasts exceeding the salary level in 2025
According to the Inflation Report of the National Bank of Ukraine for July 2024, it is expected that during 2025, real wages in Ukraine will exceed the pre-war level.
The National Bank expects that salaries in the private sector and consumer demand will continue to grow due to increased competition for qualified workers and a soft fiscal policy.
The National Bank also noted that in the first quarter of 2024, average real wages increased by 17.7% compared to the previous year, and this trend continues. Even the deterioration of business expectations regarding changes in personnel policy and labor costs does not stop this growth.
The NBU report also indicates that improved employment situations, increased wages, and other social benefits have contributed to the increase in real income of the population and sustainable consumption growth.
It was previously reported that salaries for Ukrainian Armed Forces fighters could become a problem in Ukraine.
Read also
- Ukrainian refugees will stop receiving rental assistance in Estonia
- The price of a ton of Ukrainian agricultural exports has increased by 1.4 times
- Denmark invests $600 million in protection against Russian maritime threats
- The Hungarian government has intensified its anti-Ukrainian campaign during the referendum
- Catholic leader: Pope Francis was too lenient towards Russia's aggression against Ukraine
- The US introduces record tariffs of up to 3500% on solar panels from Southeast Asia
