11 May
The Covid-19 pandemic may lead to unknown economic challenges as countries across the world face rising unemployment rates and inflation.
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Governments are trying to minimise the impact of the pandemic through economic relief packages but it may lead to huge debts.
Jonathan Portes, professor of economics at King’s College London, tweeted about the basic things that need to be done to address the unemployment issue in the UK.
He noted that people’s income should be supported, viable jobs should be made available for workers after the crisis and help should be provided to workers to find new type of jobs if their old jobs are no longer viable
Portes added that assistance should be provided to young people who are entering the labour market amid the economic downturn.
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