• © Eric Feferberg/AFP/Europress

    About the ILO in Ukraine

    Facing a double challenge of a forgotten war and an incomplete economic transition

    Ukraine’s transition to a market economy faces serious political, economic, and security challenges. The country has not yet fully recovered from the sharp economic downturn in 2014/15. The war in the East caused a 16% contraction of GDP and an internal displacement of 2.3 million persons. An additional challenge of recent years has become the strong outward labour migration (about 2.5 Mio people work abroad). The past two years (2018/19) were characterized by promising economic growth of 3.3 percent over two consecutive years. The text continues