The labor market risks remain significant due to migration and assimilation of Ukrainians abroad.
This is stated in the NBU inflation report, Ukrainian News Agency reports.
It is noted that the baseline scenario contains assumptions about the reversal of migration flows in 2027-2028. However, the NBU considers the risk of a prolonged outflow of the population as a significant factor limiting economic growth in the long term.
The slow return of citizens will lead to the preservation of significant structural imbalances in the labor market and a labor shortage, which will be exacerbated by unevenness by type of activity and region.
In addition, demographic losses will significantly limit the potential of the domestic market. The risks of increased migration outflow will increase in the event of a deterioration in the security situation and the destruction of critical infrastructure.
The long adaptation of Ukrainians, especially young people, to life abroad may become an additional barrier to return.
At the same time, a faster normalization of the security situation, active restoration of housing and job creation, as well as effective state measures to stimulate repatriation may revive return migration processes and mitigate the personnel shortage.
As Ukrainian News Agency earlier reported, Danylo Hetmantsev said in an interview with the Ukrainian News Agency that he is categorically against filling the Ukrainian labor market with migrants.
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