Global unemployment could surge by 25 million as virus hits economy

  19 March 2020    Read: 756
Global unemployment could surge by 25 million as virus hits economy

An extra 25 million people around the world could become unemployed as the coronavirus ravages the global economy, the International Labour Organisation has warned, AzVision.az reports.

This worst-case scenario would be more severe than the 22m extra jobless in the financial crisis.

It represents a rise of more than 13pc in the total number out of work, which currently stands at 188m worldwide - potentially taking the figure to more than 212m.

The precise impact depends on the scale of the economic carnage, with a low-impact scenario increasing unemployment by more than 5m, and a mid-range hit hiking the numbers by 13m.


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