World Bank's Lead Economist and Program Leader for Ukraine, Belarus, Moldova Faruk Khan stated this at a press conference, an Ukrinform correspondent reported.
"In 2016, we began to see the real wage growth. However, higher economic growth rates are needed for wages to increase at a faster pace," Khan said.
He added that Ukraine had high potential because of its favorable geographical position at the crossroads of Europe and Asia and highly educated population.
"Therefore, the potential of Ukraine is rather high. It is necessary to carry out reforms to unlock this potential and improve the standards of living," Khan added.
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