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
- Drivers explained what will happen to the engine if mixing A-95 and A-98 gasoline
- Zelensky introduced sanctions against fugitives: the lists included Dmytruk, Onyshchenko, and others
- TCU anew, the capture of Sumy region, Ukraine's counteroffensive: Syrskiy made a number of statements
- Sale of housing or cars: Ukrainians explained whether displaced persons will retain benefits
- The Party is Over: The Spectator Debunks the Myth of Putin's 'Economic Miracle'
- Ukrainians with a pension below 9 thousand can receive assistance: what documents are needed
