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Almost 25 million jobs could be lost worldwide as a result of COVID-19, says ILO

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Published by: KAP Admin.

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GENEVA (ILO News) – The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by the International Labour Organization (ILO). 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.

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