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Jobs are being destroyed around the world as coronavirus pandemic pushes one economy after another into recession

Summary:
[unable to retrieve full-text content]The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. As the International Labour Organisation warns of almost 25 million lay-offs if the virus isn’t controlled, the cuts from Austria to the US reflect the deepest peacetime recession since the 1930s as economies are frozen to beat the pandemic.“We see unemployment rates in the US and Europe getting up well up into the…

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[unable to retrieve full-text content]
The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week. As the International Labour Organisation warns of almost 25 million lay-offs if the virus isn’t controlled, the cuts from Austria to the US reflect the deepest peacetime recession since the 1930s as economies are frozen to beat the pandemic.“We see unemployment rates in the US and Europe getting up well up into the…

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