Labor is now Ukraine’s second largest export, after food

Thursday, April 11, 2019
Labor is now Ukraine’s second largest export, after food

Labor is now Ukraine’s second largest export, after food. Wage remittances now are more than the total exports of metals and IT services combined. With more than a $1 billion a month coming into Ukraine, economists say wage remittances boost retail sales and residential construction and help explain why the hyrvnia / dollar exchange is basically unchanged for three years.

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