HOME

Livelihood Due To Covid-19, UN Agency Warns

‘Immediate danger’: Half of world’s workforce could lose livelihood due to Covid-19, UN agency warns [LINK]

The International Labour Organization (ILO) has warned that around half of the world’s workforce, or 1.6 billion workers, are at imminent risk of losing their livelihood because of the economic impact of the coronavirus pandemic.

In its latest report, the UN agency stated that those hardest hit by the financial effects of the Covid-19 outbreak have been ‘informal economy’ workers, including the self-employed and those on a short-term contract.

“The first month of the crisis is estimated to have resulted in a drop of 60 percent in the income of informal workers globally,” the ILO said of the economic damage already caused by the pandemic.

HOME