![]() ![]() In 2021, the unemployment rate of Ukraine amounted to approximately 9.83 percent of the total labor force.Īmid the political and economic crisis, Ukraine’s unemployment is rising. Anders Åslund, senior fellow at the Atlantic Council’s Eurasia Center, moderates.This statistic shows the unemployment rate of Ukraine from 1999 to 2021. Timothy Ash, senior analyst with Bluebay Asset Management Alexander Danyliuk, former minister of finance of Ukraine and former secretary of the National Defense and Security Council of Ukraine, Tymofiy Mylovanov, former minister of economic development, trade, and agriculture of Ukraine and Olena Bilan, chief economist at Dragon Capital, join to discuss Ukraine’s economic turbulence and prospect for progress. Can Ukraine afford prolonged reform stagnation? What is the real economic forecast for Ukraine in this turbulent year of 2020? New Prime Minister Denys Shmyhal drew praise for a recent decision to end the domestic monopoly supply of gas, but warning lights are going off for the country’s overall economic situation. Throughout the Ukrainian government, reformers have been fired while anti-corruption watchdogs face serious harassment, intimidation, and violence. Combined with a mostly apt handling of the novel coronavirus pandemic, these are positive developments to global observers-but long-awaited economic reforms have been reversed while new reform efforts have stalled. In June, Ukraine finally concluded a much-needed International Monetary Fund deal and reached an agreement with the European Union the following month on new financial assistance. Ukraine’s economy has had a turbulent year, with meaningful steps on the path to progress shadowed by shocking turns.
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