Coronavirus pandemic | Workers may lose up to $3.4 trillion in 2020 income over COVID-19: UN

"Falls in employment... mean large income losses for workers," the International Labour Organisation said, releasing a report showing workers stand to lose between $860 billion and $3.4 trillion by the end of 2020.

PTI

March 18, 2020 / 21:32 IST

The COVID-19 pandemic will push millions more into unemployment, underemployment and working poverty, the United Nations said on Wednesday, warning that workers globally stood to lose up to $3.4 trillion in income this year alone.

"Falls in employment... mean large income losses for workers," the International Labour Organisation said, releasing a report showing workers stand to lose between $860 billion and $3.4 trillion by the end of 2020.

PTI

first published: Mar 18, 2020 09:20 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347