Share this:

" />
Telesom Dahabshiil
Published On: Thu, Mar 19th, 2020

25m job losses from Coronavirus, workers to lose $3.4 trillion

New York(ANN)-The economic and labour crisis created by the new coronavirus pandemic could increase global unemployment by almost 25 million, according to a new report published yesterday by the UN’s International Labour Organization (ILO).

Rising unemployment mean large income losses for workers, ILO warned in the report showing workers stand to lose between $860 billion and $3.4 trillion by the end of 2020.

“This is no longer only a global health crisis, it is also a major labour market and economic crisis that is having a huge impact on people,” said ILO Director-General Guy Ryder.

“In 2008, the world presented a united front to address the consequences of the global financial crisis, and the worst was averted. We need that kind of leadership and resolve now,” he added.

ILO’s Director of Communications Martin Murphy shared an infographic from his official Twitter account showing the impact of predicted global crisis.

.@ilo preliminary assessment of the impact of #COVID2019 shows that up 25 million jobs could be lost this year as a result of the pandemic. But it doesn’t have to be that way.

— Martin Murphy (@MartinMurphyILO) March 18, 2020

“… 25 million jobs could be lost this year as a result of the pandemic. But, it doesn’t have to be that way,” stated ILO’s Director of Communications Martin Murphy.

Last February, the data analysis firm predicted the new coronavirus outbreak will be worse for the global economy than the 2003 SARS epidemic.

Smiley face

About the Author

- Arraale Mohamoud Jaama Freelance Journalist and Human Rights Activist Arraale, is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a web site based in Somaliland. who is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Send an SMS or MMS to + 252 63 442 5380 WhatsApp + 252 65 910 7347.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Smiley face

Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

Chat with us on WhatsApp