Title: Impact analysis of global COVID-19 crisis - a review

Authors: Vinay Kandpal

Addresses: School of Business, University of Petroleum and Energy Studies, Knowledge Acres, Dehradun, Uttarakhand, India

Abstract: The COVID-19 pandemic has a devastating effect, globally, on working hours and earnings. International Labour Organization (ILO) highlighted that some of the worst industries and regions affected and proposes measures to alleviate the crisis. The most at-risk sectors include accommodation, food services, manufacturing, retail, aviation, business and administrative activities. The eventual increase in global unemployment over 2020 would depend significantly on future developments and policy behaviour. There is a high probability that the end-of-year figure, of 25 million, would be substantially higher than the initial ILO forecast. Many countries have taken strong measures for controlling the unemployment issue and protecting the financial market.

Keywords: COVID-19; unemployment; financial market; economy; International Labour Organization; ILO.

DOI: 10.1504/IJBEX.2023.133556

International Journal of Business Excellence, 2023 Vol.31 No.1, pp.113 - 125

Received: 12 Sep 2020
Accepted: 10 Oct 2020
Published online: 21 Sep 2023 *

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