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85 million jobs will be displaced and 97 million will be added across 26 countries by 2025, according to the Future of Jobs Report, by World Economic Forum. The Future of Jobs report maps the jobs and skills of the future, tracking the pace of change. This report aims to shed light on the pandemic-related […]
OCDE: Many countries are making “green” recovery measures a central part of stimulus packages to drive sustainable, inclusive, resilient economic growth and improve well-being in the wake of the COVID-19 crisis. However some countries are also implementing measures that risk having a negative environmental impact and locking in unsustainable growth, according to new OECD analysis […]
The Spanish Labour Minister, Yolanda Díaz, held a meeting by video-conference with the Minister for Work and Social Affairs of the Federal Republic of Germany, Hubertus Heil, which showed they were in great harmony. Hubertus Heil congratulated the Government of Spain on the raft of measures pushed through to fight poverty and social exclusion. The […]
Absences from work at record high in European Union according to the figures by Eurostat. The first quarter 2020 is the first quarter in which the labour market across the European Union (EU) has been affected by COVID-19 measures taken by Member States. Employment and unemployment as defined by the ILO concept are, in this […]
COVID-19 is causing activity to collapse and unemployment to soar. As the effects of the pandemic and containment measures hit OECD economies, millions of people have been unable to go to work, resulting in an exceptionally stark drop in activity and unprecedented job losses. Up to 10 times fewer hours were worked in some countries, […]
IMF: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2021 […]
The Covid-19 pandemic has triggered the most severe recession in nearly a century and is causing enormous damage to people’s health, jobs and well-being, according to the OECD’s latest Economic Outlook. As restrictions begin to ease, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections. Strengthening healthcare systems […]
Covid-19: The ILO’s latest analysis of the labour market impact of COVID-19 exposes the devastating and disproportionate effect on young workers, and analyses measures being taken to create a safe return to work environment. More than one in six young people have stopped working since the onset of the COVID-19 pandemic while those who remain […]
IMF Report about Covid-19: The world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost. As countries implement necessary quarantines and social distancing practices to contain the pandemic, […]
International Monetary Fund (IMG) demands fiscal policies to protect people during the coronavirus outbreak. A plan to protect people and firms Governments should protect people from the economic impact of this global health crisis. Those who are hit the hardest should not go bankrupt and lose their livelihood through no fault of their own. A […]
Sincro’s blog is designed to provide daily information on labour, fiscal and economic news. We do not provide free advice nor do we answer personalized queries that come to us through the blog. If you need advice, do not hesitate to contact our Team of Experts to request a quote.