A further economic analysis of Kovid-19 shows that by 2022, the number of unemployed will reach 205 million globally, far exceeding the pre-crisis period of 2019, at 187 million. This is what the International Labor Organization says in its “Overview of World Employment and Social Issues.”
The authors of the report say that the “Covid-19” pandemic is not only a health crisis, it is also an employment and human crisis that will have a long-term impact on the world economy. The report says that we are far from the end of the social and economic effects of the pandemic and that the pandemic could have an impact on the economies by at least 2023.
Guy Ryder, CEO of the organization, said it was expected that the unemployment situation would be worse in low-income countries than in high-income countries. Ryder says richer countries have better access to vaccines and are expected to emerge from the crisis sooner with strong financial support.
The report shows that in the first half of 2021, the most affected regions were Latin America and the Caribbean, Europe and Central Asia. Ryder hopes that if the pandemic situation does not worsen, global employment could improve in the second half of the year.
The organization said women were the most affected. Ryder warns that the crisis has threatened to undermine and reverse progress on gender equality.
Young people are among the most affected by the pandemic. According to the International Labor Organization, youth employment will decline by 8.7 percent by 2020, and by 3.7 percent among older people.
The report’s authors warn that without a recovery strategy that targets the specific groups most affected by the pandemic, the world’s economic inequality will deepen.