Hundreds of millions of people around the world have lost their jobs as a result of the pandemic.
But the UN’s work agency warns the global outlook could be much worse, as current figures exclude workers in the so-called ‘informal economy’.
That includes migrant and shift labourers in the developing world – to freelance and service industry staff taking unprotected jobs in wealthier economies.
The International Labour Organization says 1.6 billion of them could suffer ‘massive damage’ to their livelihoods.
This means half of the global workforce are not sure if their jobs will re-appear once the crisis is over.
So, will the job market recover?
Presenter: Sami Zeidan
Song Seng Wun, director at CIMB Private Banking
Michelle leighton, director of ILO Migration Branch
Bruno Verstraete, chief economist at Lakefieldpartners
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