World Employment and Social Outlook: Trends 2024
On 10th January, 2024, the International Labour Organisation (ILO) released its report under the title - World Employment and Social Outlook: Trends 2024.
- The report shows a complex scenario, characterised by disparities between high- and low-income countries, a large part of the workforce employed informally and the prevision of a slight increase in global unemployment in 2024.
Key Highlights
Slowed Economic Recovery
- The macroeconomic environment deteriorated significantly over 2023.
- Ongoing geopolitical tensions as well as persistent and broadening inflation triggered frequent and aggressive moves by central banks.
- Large emerging economies such as China, Türkiye and Brazil slowed down considerably, causing ....
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