The likelihood of Coronavirus-induced economic recession and loss of jobs is rising
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India, March 20 -- The global economy is reeling under the impact of the Coronavirus outbreak. While thousands of people are working from home, there are thousands more that have been rendered jobless.
Loss of employment and income
The United Nations (UN) fears as many as 25 million people around the world run the risk of losing employment due to the effect of the Coronavirus pandemic. However, the global body adds that a timely and internationally coordinated response can possibly cushion the impact. In its report, the UN estimates that between 8.8 million and 35 million people may be pushed into working poverty by the end of 2020, in the aftermath of the Coronavirus outbreak. Working poverty is a term used to define people who are emp...
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