Mutually Reinforcing Crises Have Worsened the Global Employment Divide
GENEVA (ILO News) – Mutually reinforcing crises, including rising debt levels, are disproportionately affecting developing countries, worsening the global employment divide between high-income and low-income countries and widening existing inequalities exacerbated by the COVID-19 pandemic, says a new ILO report. While global unemployment in 2023 is expected to fall below pre-pandemic levels – to 191