Benchmark
Ukraine's Worker Exodus Has a Silver Lining
Ukrainians abroad are sending more cash home than previously estimated
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Ukraine’s loss of millions of workers to labor-starved parts of eastern Europe may not be all bad.
While the exodus is triggering staff shortages and weighing on economic growth, the central bank reckons those who’ve left are sending home more cash than previously thought. After reviewing its methodology, the bank estimates that $9.3 billion was channeled back to Ukraine last year – $2 billion more than it calculated initially.