The unemployment rate in the European Union and the eurozone stopped falling in June. However, it remains at a significantly lower level than before the outbreak of the coronavirus pandemic. Employment, on the other hand, continued to grow moderately even during the second quarter, as the latest Eurostat data say.
According to the GlobeNewsWire, the fintech sector is expected to reach valuation of 305 billion dollars by 2025, with the estimated growth of 25% every year.
What started as a consequence of the post-covid global economic recovery has intensified in Europe since the outbreak of the war in Ukraine. Initial forecasts of inflation returning to its original range of around two per cent later this year are being pushed back. This means that the purchasing power of wages in the European Union as a whole will decline this year, according to the analytical summary by Aegean Equity.
More than 3.5 million people have left Ukraine since the beginning of the Russian invasion of the country. The vast majority go to the member states of the European Union, mainly in the Central and Eastern Europe, however such an influx of refugees will affect the EU labor market as a whole, including Greece. Aegean Equity has researched possible ways of development.
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