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Graphic shows European jobs potentially at risk.
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الوظائف في أوروبا معرضة لخطر بسبب فيروس كورونا المستجد

April 20, 2020 - Unemployment in Europe could nearly double in the coming months, with up to 59 million jobs at risk because of the coronavirus pandemic, according to estimates from McKinsey.

The consulting firm estimates that one in four jobs across the European Union and the United Kingdom are at risk of a reduction in hours or pay, temporary furloughs or permanent layoffs.

The most high risk occupations include 54.8 million workers, most of whom work in close proximity to others and have significant exposure to the general public; they include retail cashiers, cooks, and actors.

McKinsey estimates that the Covid-19 pandemic could almost double Europe’s unemployment rate in the coming months. In a worst-case scenario – in which Europe fails to contain the virus within three months and is forced to continue social distancing measures through the summer – the EU-27 unemployment rate will peak at 11.2% in 2021, with a full recovery to the precrisis level of 6.3% unlikely until 2024.

Sources
PUBLISHED: 20/04/2020; STORY: Graphic News
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