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  • REDUCTION IN SALARIES

    REDUCTION IN SALARIES

    World News

    Due to the coronavirus pandemic, salaries in two-thirds of the countries in the world have declined or grew more slowly than before. This is stated in the report of the International Labor Organization (ILO).

    The crisis has particularly affected the earnings of women and low-paid workers. Rising inequality threatens to lead to global poverty, the report said. In countries where effective measures were taken to maintain employment, the crisis was expressed in falling wages, not in massive reduction of jobs.

    Without subsidies, average earnings would have decreased by almost 6.5 percent. However, aid from the state compensated for 40 percent of this amount, experts say.

    In June of this year, Russia reported on the victory over extreme poverty. According to the Sustainable Development Goals, by 2024 the poverty level should be reduced by at least two times.

    Photo: Marcos Brindicci / Reuters

    CORONAVIRUS AND POVERTY

    CORONAVIRUS AND POVERTY

    World news

    The coronavirus could put 60 million people in extreme poverty worldwide. This forecast was made by analysts of the World Bank, the statement was published on the organization’s website.

    The global economy collapsed due to the coronavirus. Who could make billions on this?

    Experts believe that the pandemic will nullify all efforts to combat poverty on the planet over the past few years. The decline in world GDP, according to the World Bank, this year will be 5 percent. The organization insists that in order to restore the economy, it is necessary to support business and provide material assistance to the poorest segments of the population.

    According to UN estimates, 195 million people may be unemployed. The crisis will hit hardest on small and medium-sized enterprises, as well as on agricultural workers, migrant workers and refugees.

    Photo: Spencer Platt / Getty Images