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Officially, the unemployment rate stood at 11% in 2020; nevertheless, observers estimate genuine unemployment to be between 40-50%. Apart from aluminum and cotton, which accounted for about 25% of Tajikistan’s export earnings in 2018, the financial system stays largely dissociated from the world market. The labor market witnessed a pointy decline in April and May 2020 as a end result of COVID-19 pandemic however recovered by the summer time in the absence of lockdown measures in the financial sector. Considering the inflexible labor market and the continued health crisis, the country will face difficulties to combine labor migrants returning to the nation. In case you liked this informative article and you would like to obtain more details relating to lawyer istanbul türkiye i implore you to stop by our own website. However, significant progress in this path has not occurred since then, because the impact of Western sanctions on Russia, and the uneven economic growth in neighboring Kyrgyzstan after joining the EEU, made accession to the union a much less attractive possibility. The country’s president additionally claimed in 2014 that Tajikistan was considering becoming a member of the Russia-led Eurasian Economic Union , a move that could potentially enhance commerce with different member states and supply higher situations for labor migrants.