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Over 400,000 unemployed officially registered in Ukraine, - PM

Source : 112 Ukraine

However, the Cabinet of Ministers estimates that there are more than 2 million people who have either lost their jobs or are on temporary forced leave
12:36, 22 April 2020

zik.ua

As of now, more than 400,000 unemployed are officially registered in Ukraine. This was stated by the Prime Minister Denys Shmygal, RBC-Ukraine reported.

"Today, we have officially registered more than 400,000 unemployed. However, we estimate that there are more than 2 million people who have either lost their jobs or are on temporary forced leave or so-called hidden unemployment," Shmygal said.

According to Ukraine’s Chamber of Commerce and Industry, 500-700 thousand people lost their jobs during the first two weeks of quarantine in Ukraine.

Related: Ukraine's economy in freefall: New authorities make it worse?

Thus, there are about 2.5-2.8 million unemployed people in Ukraine.

As we reported earlier, Ukraine's Economy Ministry stated that Ukraine would show a deeper decline (by 4.2%) than the global economy in 2020.

According to the ministry’s prediction, in 2020, the inflation processes will accelerate by 7% against 4.1% in 2019 (the calculation includes December in comparison with December 2019). As a result of the devaluation processes, the mid-year exchange rate will make 28.85 hryvnias per US dollar.

Related: Lockdown doubles unemployment rate in Ukraine, - report

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