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.”