25 Million People will Lose their Jobs because of the COVID-19
The COVID-19 pandemic will dramatically increase global unemployment. Approximately 25 million people to lose their jobs, the United Nations said.
"The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million", says a new study by the International Labor Organization.
"However, if we see an internationally coordinated policy response, as happened in the global financial crisis of 2008/9, then the impact on global unemployment could be significantly lower.", the report said.
Workers worldwide will lose up to $ 3.4 billion in revenue this year alone.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » American Companies - in fourth place among Investors in Bulgaria
- » Bulgaria: Fuel to Increase in Price to 3 leva while Lukoil makes 1 Billion 800 Million Excess Profit
- » January 1, 2025 - Bulgaria’s New Target Date for Entry into the Eurozone
- » Brain Business Jobs in Bulgaria Grow Strongly
- » Bulgaria is 43rd in the World in terms of Economic Freedom
- » Musk admits that “X” might become a Paid Platform