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Quarterly European Market Report Q2 2020

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Ukraine Latest Available Workforce Statistics - December 2019 Total Workforce 18.2m Unemployed 1.6m Impact of Coronavirus ▪ €2.2bn of budget allocated to support the unemployed. ▪ In the week from 6-10 th of April, 36K Ukrainians registered for unemployment support. ▪ The Ukraine Chamber of Commerce and Industry has estimated that unemployment will be at its highest for the last 15 years - between 13.7% and 15.4%. ▪ Employers are able to instruct employees to work remotely or take vacation. ▪ Lockdown including the closure of schools, cafes, entertainment establishments and restrictions on transport have been in place since Mid-March and expected to carry through to May. Employment Share: Coronavirus - Likely Impact by Sector High Impact Medium Impact Lower Impact Accommodation and Food Services 2% Construction 7% Education 10% Real Estate; Business and Administrative activities 4% Financial and Insurance Activities 1% Human Health and Social Work Activities 7% Manufacturing 13% Mining and Quarrying 2% Public Admin, defence, social security 6% Wholesale and Retail trade 19% Transport, storage and communication 8% Utilities 3% Arts, Entertainment, Recreation and other services 4% Agriculture, Forestry and fishing 14% Share of Workforce based on Sector and Likely Impact of Coronavirus on Jobs Forecast YOY Change -7.7% IMF GDP Forecast* *IMF Real GDP Forecast is a baseline scenario which assumes pandemic containment measures are gradually wound down in the second half of 2020. IMF, World Economic Outlook, April 2020 IMF, W orld Economic Outlook, April 2020 https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020 https://ilostat.ilo.org/data/ https://www.ilo.org/global/topics/coronavirus/lang--en/index.htm https://www.lexology.com/research/hubs/coronavirus https://www.euronews.com/2020/04/15/amid-coronavirus-lockdown-ukrainians-start-to-feel-the-pinch https://www.kyivpost.com/business/business-update-april-13-new-budget-expects-4-gdp-decrease-unemployment-grows.html https://112.international/finance/lockdown-doubles-unemployment-rate-in-ukraine-report-50570.html 42% 19% 39% High Impact Medium Impact Lower Impact

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