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4.5.2 Nominal wages dynamics
More than ten million people are displaced and need relief. One report notes: “According to estimates by the National Bank of Ukraine (NBU), more than amn workers have been dismissed from previous employment and more than half of firms have cut nominal wages (in many sectors by 50%) since the war started. Many firms report operating under reduced hours.”
Ukraine has not released new income data since the war started in February.
25 UKRAINE Country Report November 2022 www.intellinews.com