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Tuesday, November 27, 2007

Ukraine Among Bottom 5 Countries on 2007 Worldwide Pay Survey by Mercer

Stabilnist i dobrobut! Stability and prosperity! Don't you just love that Yanukovych slogan?

Be my guest. Ukrayinska Pravda (Ukr), acting on a tip from Deutsche Welle (Ukr), proudly presents another report on Ukraine’s economic outlook, in a not-so-surprising sequel to the previous reports done by MB Research International and GfK (Eng).

Today’s report comes from Mercer, the global leader for trusted HR and related financial advice, products and services.

Mercer’s 2007 Worldwide Pay Survey says the following about Ukraine:

Puerto Rico, Argentina and Ukraine rank lowest, with projected pay increases forecast at 4.5%, 3.2% and 2.3% below inflation respectively.

Oops! Does anybody know what happened to Yanukovych’s stellar 7 percent GDP growth? Where did the cabbage go, Mr. Azarov?

In contrast, under Tymoshenko, who turns 47 today, but doesn’t look a day over 40, the economy grew at an annual rate of 2.5 percent, and yet real incomes grew 20 percent. So much for “stability and prosperity.”



Anonymous said...

Based on recent comments from PoR distancing themselves from shyrka, I have a horrible feeling in the pit of my stomach, that they believe that no coalition will materialize with the 60 day cutoff period looming.

Total absolute disaster and more stabilnist to endure.


Taras said...

You're absolutely right, Luida. Should shyrka fail, sabotage will follow.

The prosperity of the Party of Regions depends on the survival of stabilnist.

elmer said...

How is shyrka any different from the "New Majority" that Kuchma was pushing a few years ago?

Srebrenica Genocide Blog (Editor) said...

I am surprised that Ukraine is on the bottom 5 countries worldwide. Something is terribly wrong with the survey.

Taras said...

Shyrka is a spiritual clone of Kuchma’s majority, except that Kuchma’s majority did not include NUNS. I hope it doesn’t take the self-destructive power of shyrka to slap some sense into NUNS.

The survey measures pay increases, not the pay itself. Notice that both Germany and Ukraine show negative projections this year.

Regardless of any pay increases, Germany remains one of the richest countries in Europe, while Ukraine remains one of the poorest.

But given the manner in which Yanukovych stripteased us with that 7 percent GDP growth rate, I’d say the show is over. There’s something wrong with Ukraine, and it’s called stabilnist.