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Coronavirus outbreak could destroy up to 25 mln jobs - ILO (Reuters)
Coronavirus outbreak could destroy up to 25 mln jobs - ILO (Reuters)
Last Modified: 02:19 PM, Wed Mar 18, 2020
18 March 2020
BERLIN (Reuters) - The coronavirus pandemic could trigger a global economic crisis and destroy up to 25 million jobs around the world if governments do not act fast to shield workers from the impact, the International Labour Organization (ILO) said on Wednesday.
"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," ILO said.
The organization called for urgent, large-scale and coordinated measures to protect workers in the workplace, stimulate the economy and support jobs and incomes.
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Creditline: Reuters
Slugline: HEALTH-CORONAVIRUS/ILO-JOBS (URGENT)
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