Question

How covid-19 apademic affected informal sectors

Answer 1

Answer:

According to ILO, it is estimated that globally more than 25 million jobs are at risk due to COVID-19 outbreak. The International Labour Organization (ILO) describes in its report1 as ‘the worst global crisis since World War II’. It is estimated that four in five people (81%) of the global workforce of 3.3 billion people are currently affected by the lockdowns in various countries. The United States, United Kingdom, Canada and most of the European and Asian countries are experiencing a rise in unemployment. The Head of the International Monetary Fund (IMF), Kristalina Georgieva has said the world is going through the worst economic crisis since the Great Depression in the 1930s.