Economy

Ukraine needs to get its women back to have a chance at economic recovery — Bloomberg

Ukraine needs to bring home women who left abroad due to full-scale war to rebuild the economy. About this write Bloomberg.
Most men between the ages of 18 and 60 are not allowed to leave the country, which explains why 68% of Ukrainian refugees are women, and there is an even greater gender disparity among adults.

According to Oleksandr Isakov of Bloomberg Economics, failing to convince 2,8 million women of working age to return would cost Ukraine 10% of its pre-war annual gross domestic product. This is $20 billion per year for the worst case scenario.

"This would easily outweigh the four-year aid package for Ukraine proposed by the European Union, worth 12,5 billion euros every year," the publication says.

As Deputy Minister of Economy Tetyana Berezhna noted, the most important task now for Ukraine, for the Ukrainian authorities, is to do everything possible so that women with children return to their husbands and unite in Ukraine.

The government is planning a post-war recovery with ambitious targets of doubling the size of the economy by 2032. However, the Ministry of Economy indicates that 4,5 million workers and entrepreneurs are not enough to achieve this goal.

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