"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.
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.