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Coronavirus may make 25 mn jobless, workers to lose $3.4 trn in income: UN

It added however that an internationally coordinated policy response could 'significantly lower' that number

AFP | PTI  |  Geneva 

coronavirus
The COVID-19 pandemic will push millions more into unemployment, underemployment and working poverty, UN said

The COVID-19 pandemic will significantly increase global unemployment, pushing up to nearly 25 million more people out of work, the said on Wednesday.

"The economic and labour crisis created by the COVID-19 pandemic could increase global by almost 25 million," the Labour Organisation said as it released a fresh study.

It added however that an internationally coordinated policy response could "significantly lower" that number.

The COVID-19 pandemic will push millions more into unemployment, underemployment and working poverty, the said on Wednesday, warning that workers globally stood to lose up to $3.4 trillion in income this year alone.

"Falls in employment... mean large income losses for workers," the Labour Organisation said, releasing a report showing workers stand to lose between $860 billion and $3.4 trillion by the end of 2020.

First Published: Wed, March 18 2020. 20:10 IST
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