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Updated on March 19, 2020 at 11:01 am IST
Another serious economic fear raised through the United Nations is that the COVID-19 pandemic is most likely to particularly increase global unemployment.
As the coronavirus pandemic has gripped the world, the United Nations on Wednesday raised serious economic fears that the COVID-19 pandemic has a strong potential to dramatically increase global unemployment, leaving up to 25 million more people out of work. decrease workers’ incomes.
The International Labour Organization conducted a new study and said in its statement: “The economic and employment crisis created by the COVID-19 pandemic could simply increase global unemployment for approximately 25 million people.
“This is not just a global health crisis, it is also an economic and labour market crisis that is having a massive impact on people,” ILO leader Guy Ryder said in a statement.
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First detected in Wuhan in December 2019, COVID-19; The novel coronavirus has affected about 170 countries around the world. Currently, there are more than 2,19,000 confirmed cases of COVID-19, which has led to the deaths of more than 8,900 people. As there is no vaccine or express antiviral drug to treat COVID-19, countries have struggled with every conceivable mechanism to control its scope. So far, China, South Korea, Italy and Iran have recorded the highest number of cases of the novel coronavirus, with the WHO pointing to Europe as the new “epicenter. “”Of the fatal virus.
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In India, the central and state governments are taking every conceivable measure to combat the virus. Schools, universities, shopping malls, gymnasiums and places of religious worship were closed to prevent gatherings of people. Offices, government and the personnel sector have been asked to reduce the capacity of their cadres by 50 percent as a precautionary measure. The total number of COVID-19 cases recorded in India has reached 175, of which 14 have recovered and been discharged, while the country has recorded 3 deaths due to the virus.
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(with input from agencies)
Posted on Mar 19, 2020 at 11:01am IST
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