Based on the newspaper reports,write a paragraph (not less than 150 words),on the topic:-
"Covid Times -- Gains& Losses"
Answers
Answer:
have been locked down in my apartment since Wednesday, March 11. I live alone, with my laptop, a few cactuses and a stuffed cat. I am on the fourth floor of a used-to-be-lively neighbourhood in Turin, Northern Italy.
On the first Sunday, I woke up at sunrise and sneaked out for a quick run. I hate running. But the urge of moving and watching the city still half asleep was so big I didn’t really think about it. I guess I just wanted to fool myself into believing everything was normal. Well, it isn’t. But going out is not the answer. It is crystal clear now that we have to stay at home. It doesn’t matter if I am healthy and young: I have to do my part and not put others at risk, not compromise the weakened healthcare system.
Answer:
The COVID-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 – equivalent to 195 million full-time workers.
Large reductions are foreseen in the Arab States (8.1 per cent, equivalent to 5 million full-time workers), Europe (7.8 per cent, or 12 million full-time workers) and Asia and the Pacific (7.2 per cent, 125 million full-time workers).
Huge losses are expected across different income groups but especially in upper-middle income countries (7.0 per cent, 100 million full-time workers). This far exceeds the effects of the 2008-9 financial crisis.
The sectors most at risk include accommodation and food services, manufacturing, retail, and business and administrative activities.
The eventual increase in global unemployment during 2020 will depend substantially on future developments and policy measures. There is a high risk that the end-of-year figure will be significantly higher than the initial ILO projection, of 25 million.