The United Nations (UN) warned Tuesday that the coronavirus crisis could have a severe and lasting impact on the life prospects of young adults without swift remedial action.The UN's International Labour Organization (ILO) said the career prospects of people aged 18 to 29 were taking a hit from the COVID-19 pandemic, while students faced a "gloomy outlook" for its effects on their education.The ILO report entitled "Youth and COVID-19: impacts on jobs, education, rights and
To date, the COVID-19 virus has infected over 20 million people worldwide, taking with it some 700,000 lives. The new coronavirus does not discriminate when preying on its next victim. The old, the young, rich, or poor – have all been infected with the disease. Unfortunately, the COVID-19 crisis does not just affect one’s physical health.
COVID-19 has claimed more than 700,000 lives, infected over 19 million people, and decimated rich and poor economies alike. But, even as most of the world faces unprecedented recession, policy responses differ sharply. The contrast between Europe and Asia is a case in point.Both regions are undoubtedly facing serious economic hardship. The European Commission (EC) expects the eurozone economy – which grew by 1.3 percent in 2019 – to contract by 8.7 percent this year.
It is no secret that the COVID-19 pandemic has severely affected livelihoods, local industries and the economy in general. As we enter nearly the seventh month of the outbreak – many have lost their jobs across Southeast Asia. According to the Asian Development Bank (ADB), the pandemic will threaten the employment of 68 million workers across Asia if the outbreak goes on until September.
The coronavirus crisis has taken a much heavier toll on jobs than previously feared, the United Nations (UN) said Tuesday, warning that the situation in the Americas was particularly dire.In a fresh study, the International Labour Organization (ILO) estimated that by the mid-year point, global working hours were down 14 percent compared to last December - equivalent to some 400 million full-time jobs.That is more than double the number forecast by the UN organisation back in April, when it ex
The coronavirus pandemic does not discriminate. The deadly COVID-19 virus infects anyone exposed it regardless of age, ethnicity, gender or living conditions. When it comes to the impacts of the crisis - livelihoods, local industries, small and medium-sized enterprises (SMEs) and even large corporations are severely affected.
By the time COVID-19 reached South Asia, it had already penetrated most other regions of the world. Pakistan was one of the first in the region to be hit. In late February, Shia pilgrims who had come in contact with Chinese pilgrims while visiting holy sites in Iran brought it home with them. Not long after, Indian expatriates visiting from the United States (US) carried the virus to India.
The reverberating economic shock of the coronavirus crisis has delivered a massive setback for women because so many work in the badly exposed services sector, experts say.The nature of the outbreak means women are more likely than men to lose or quit their jobs in vulnerable low-paying workplaces like bars, conference venues, hairdressing salons, hotels, pubs and restaurants, which faced extensive shutdowns.School closures during lockdown have exacerbated the situation because more women tha
Other than preying on humans, the deadly COVID-19 virus has severely affected livelihoods, local businesses and the economy in general. Major industries such as tourism and aviation have been hit hard by the pandemic.
The COVID-19 pandemic has significantly hit Indonesia’s economy, causing restriction of business activities, decline of production and other potential long-term effects. Millions of workers have been forcibly laid off, without severance pay and with no guarantee of getting new jobs after the pandemic ends. The impact of income loss is asymmetrical among workers, posing a new challenge for the Government of Indonesia to find a just and fair solution for all.
There is a grim uncertainty swirling around the COVID-19 pandemic. To date, over two million people have been infected with the virus, taking with it over 150,000 lives. The new coronavirus is not only detrimental to one’s health, but it has also impacted nations worldwide in various ways. The pandemic has negatively affected livelihoods, local businesses and the general economy.
To the outside world, Brunei, the tiny Southeast Asian monarchy, looks like a Shangri La. The country, with a population of less than half a million, has one of the highest gross domestic product (GDP) levels per capita in the world.