The COVID-19 pandemic and ensuing crisis exacerbated deep-seated social inequalities within our societies. Women, low-income households, children and young people, as well as low-skilled, part-time, temporary and self-employed workers, have all been disproportionally affected.
Today, the war in Ukraine is creating a major humanitarian crisis affecting millions of people and a severe economic shock of uncertain duration and magnitude.
Over five million people have already fled Ukraine and that number is still increasing. This is considerably more than the annual flow of asylum-seekers into European countries at the height of the Syrian refugee crisis in 2015-16.
Looking after the refugees from Ukraine will require spending on social and housing assistance, food provision, medical assistance and childcare and schooling.