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World of Work Report 2009 -The Global Jobs Crisis and Beyond

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World of Work Report 2009 – The Global Jobs Crisis and Beyond, International Labour Organization (International Institute for Labour Studies) 2009

  • “The world economy is exhibiting encouraging signs of a recovery. The IMF now predicts over 3 per cent economic growth for 2010, with Brazil, China and India leading the economic rebound. In addition, this Report shows that job losses have been less than would have been predicted on the basis of earlier crises. Indeed, another Great Depression has probably been avoided, aided by stimulus measures implemented by governments since the onset of the crisis. … but the jobs crisis is far from over… Despite these major achievements, the global jobs crisis is not over and it could even worsen unless adequate action is taken. First, the jobs crisis is much larger in size than unemployment figures suggest…in the 51 countries for which data are available, at least 20 million jobs have been lost since October 2008 when the financial crisis
    started.”

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