Dragon Capital analyzes the 34% yoy jump in wage remittances for Q1 2018: “
Wednesday, July 4, 2018

Dragon Capital analyzes the 34% yoy jump in wage remittances for Q1 2018: “

Dragon Capital analyzes the 34% yoy jump in wage remittances for Q1 2018: “This strong increase in remittances was driven by transfers of short-term migrant workers, primarily from EU countries…reflecting a combination of friendly migrant labor policies in neighboring EU countries, Ukraine’s economic woes and, more recently, of a new visa-free regime with the EU…Among the positive implications, significant inflows of remittances help to keep the current account deficit moderate at around 2.0% of GDP, they support household consumption, and they are forcing domestic companies to improve working conditions. On the negative side, growing labor costs and the lack of qualified workers are limiting growth potential and adding to inflationary pressures.”

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