Low-income countries will not see unemployment rates recover to pre-pandemic levels in 2023, ILO says. Low-income countries in Africa and the Middle East are missing out on the global recovery of unemployment rates to pre-pandemic levels, the United Nations labour agency has warned. Unemployment in North Africa and the Arab states is projected to be 11.2 percent and 9.3 per cent, respectively, in 2023, remaining above pre-pandemic levels. Latin America, the Caribbean, Europe, and Central and Western Asia have all reduced their unemployment rates to pre-crisis levels. The growing employment divide comes as the world’s economy is expected to grow just 2.8 percent in 2023, down from 3.4 percent in 2022.

Source: The North Africa Journal June 01, 2023 02:28 UTC