Ukraine’s economy growing faster than international experts predicted – Rozenko

Ukraine’s economy growing faster than international experts predicted – Rozenko

Ukraine's economy is growing faster than international financial institutions predicted, Deputy Prime Minister of Ukraine Pavlo Rozenko has stated.

"Three years ago, the minimum wage in Ukraine amounted $50, and today it has already tripled. This means that the Ukrainian economy demonstrates a faster growth than international financial institutions predicted," Rozenko said on a Ukrainian TV channel, the Government poral reports.

He noted that in 2013, the International Monetary Fund forecast that Ukraine would regain its economic potential only in 2022.

“But we can say already today that the level of wages in 2019 in dollar equivalent will reach the pre-crisis, pre-war level of 2013," the Deputy Prime Minister said.

As reported, the average nominal wage amounted to UAH 9,223 in January 2019, which is 2.2 times higher than the established minimum wage. Since January 1, the minimum wage in Ukraine has grown to UAH 4,173 per month.


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