ILO warns of global unrest over high inflation and Covid-19
Crisis reducing purchasing power of middle classes and ‘hitting low-income households particularly hard’
30 November 2022 - 20:34
The International Labour Organization (ILO) has warned of global social unrest if governments fail to implement policies to respond to the global crises spawned by runaway inflation and the Covid-19 pandemic.
In its Global Wage Report of 2022/2023 released on Wednesday, the ILO said the severe inflationary crisis, together with the global economic slowdown — driven in part by the Ukraine war and the global energy crisis — are causing a “striking fall in real monthly wages in many countries”...
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