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  • The Conflict in Ukraine Has Caused Extensive and Irreversible Damage

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    The conflict in Ukraine has severely damaged the country's economy and labor market. Millions have lost their jobs, increasing unemployment. Russia's invasion triggered a profound crisis reducing opportunities. The war disrupted the labor market, causing a mismatch between supply and demand. It led to an unprecedented exodus of over a third of the population becoming displaced or refugees abroad. The damage to infrastructure disrupted trade and supply chains, contributing to job losses for many Ukrainians.

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    The conflict in Ukraine has caused extensive and irreversible damage

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    The conflict in Ukraine has severely damaged the country's economy and labor market. Millions have lost their jobs, increasing unemployment. Russia's invasion triggered a profound crisis reducing opportunities. The war disrupted the labor market, causing a mismatch between supply and demand. It led to an unprecedented exodus of over a third of the population becoming displaced or refugees abroad. The damage to infrastructure disrupted trade and supply chains, contributing to job losses for many Ukrainians.

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    6 views1 page

    The Conflict in Ukraine Has Caused Extensive and Irreversible Damage

    Uploaded by

    anastasiia.yerhan
    The conflict in Ukraine has severely damaged the country's economy and labor market. Millions have lost their jobs, increasing unemployment. Russia's invasion triggered a profound crisis reducing opportunities. The war disrupted the labor market, causing a mismatch between supply and demand. It led to an unprecedented exodus of over a third of the population becoming displaced or refugees abroad. The damage to infrastructure disrupted trade and supply chains, contributing to job losses for many Ukrainians.

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    © All Rights Reserved
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    1 The conflict in Ukraine has caused extensive and irreversible damage, severely affecting the

    country's economy. Millions of people have lost their jobs, resulting in significant changes to the
    labor market. Russia's invasion has triggered a profound crisis, reducing job opportunities and
    causing a substantial increase in unemployment.

    2 Even before the war, Ukraine faced labor market challenges, with a high unemployment rate of
    10% in 2021 and low economic activity, especially among women (56% compared to 68% among
    men in the 15-70 age group). The official unemployment rate in Ukraine was nearly 10% before the
    invasion, higher than the average of 7% in European Union countries at that time.

    3 The invasion in February 2022 disrupted the Ukrainian labor market, leading to a contraction and a
    significant mismatch between labor supply and demand, both geographically and sectorally. On the
    workers' side, there was an unprecedented exodus of human capital, with over a third of Ukraine's
    population (estimated at 41 million in 2021) forced to move. Currently, around 5.9 million people
    are internally displaced, and over 7.9 million are refugees abroad, marking the largest migration
    crisis in Europe since World War II, with women and children constituting nearly 90% of the
    refugees.

     4 v The war has caused substantial damage to productive assets and infrastructure,
    disrupting trade networks and supply chains, contributing to the disintegration of the labor
    market and a loss of employment opportunities for many Ukrainians.
     5The war has caused substantial damage to productive assets and infrastructure, disrupting
    trade networks and supply chains, contributing to the disintegration of the labor market and
    a loss of employment opportunities for many Ukrainians.
     The war in Ukraine has inflicted severe and lasting damage on the labor market, resulting in
    substantial job losses and economic fragility. The prospects for recovery depend on resolving
    the conflict and implementing measures to rebuild and stabilize the economy

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