25 Million People will Lose their Jobs because of the COVID-19

Business | March 19, 2020, Thursday // 10:07|  views


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.

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Tags: COVID-19, Coronavirus, UN, report


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