The demographic situation and migration will be decisive factors for Ukraine’s economy in the medium term, said First Deputy Head of the NBU Serhiy Nikolaychuk in an exclusive interview with Interfax-Ukraine news agency.
“The labor shortage and aging population directly affect the labor market, wage levels, and inflation. We pay close attention to this in our forecasts,” he said.
According to him, the return of migrants and the attraction of women, students, pensioners, and veterans to the labor market help alleviate the problem, but in the long term, systemic solutions are needed, including in the areas of education and social policy.
