According to the International Labour Organization (ILO), about 25 million people could lose their jobs due to the coronavirus pandemic.
The economic and labor crisis caused by the coronavirus pandemic could increase global unemployment by almost 25 million people.
“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 organization said.
The International Labor Organization calls for urgent, large-scale and coordinated measures to protect workers, support jobs and income, and stimulate the economy.
Ukraine prepares for economic crisis: Creates stabilization fund, held talks with IMF.
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