According to International Labour organization ( ILO) The Covid-19 crisis is expected to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 equivalent to 195 million full-time workers. Huge losses are expected across different income groups especially in upper-middle income countries (7 per cent, 100 million full-time workers). This far exceeds the effects of the 2008-2009 financial crisis. The sectors most at risk include accommodation and food services, manufacturing, retail, and business and administrative activities.
The world of work is being profoundly affected by the global virus pandemic. In addition to the threat to public health, the economic and social disruption threatens the long-term livelihoods and well being of millions.
A new assessment by the International Labour Organisation (ILO) shows that the COVID-19 pandemic could increase global unemployment by around 25 million.
ILO is calling for an internationally coordinated policy response, which would be of particular benefit to South Asian countries like India, since a large part of its work force lacks social security and employment benefits.
The Government of Rwanda officials said that 2020 grown targets were estimated at 8%, with Covid-19 Pandemic, the estimate has gone down to 3.5 %.
The Government is looking at how to mobilize resource to review the economy with priority of citizen lives.
Better Future for Generations wishes a Labour day to all employees and employers especially to the men and women health workers, who is risking their lives for the safety of citizens during Coronavirus Pandemic. We appreciated all of the work they are doing to keep the community safe.
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