UN body warns of up to 25M job losses due to COVID-19

GENEVA

The International Labour Organization (ILO) warned Wednesday that the economic fallout from coronavirus could cause the loss of up to 25 million jobs.

In an initial assessment report of the impact of the novel virus, the ILO said: “The effects will be far-reaching, pushing millions of people into unemployment, underemployment and working poverty, and proposes measures for a decisive, coordinated and immediate response.”

However, the UN body said the impact on global unemployment could be significantly lower if there is an internationally coordinated policy response, as happened in the global financial crisis of 2008 and 2009.

“This is no

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