Wealth Management

Society for Human Resource Management – Global Slowdown to Increase Unemployment

February 13, 2020

Unemployment is expected to grow by 2.5 million in 2020 globally, becoming a more pressing challenge as the global economy suffers the consequences of the ongoing slowdown. Global GDP growth dips, slowdowns in economies which were growing exponentially such as China and India, and global layoffs in attempts to reduce costs are all factors which will put upward pressure on unemployment and future job creation.
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