SignIn
Kerala Kaumudi Online
Monday, 07 July 2025 6.31 PM IST

Coronavirus outbreak may lead to loss of 1.7 million jobs in Arab countries, says UN report

Increase Font Size Decrease Font Size Print Page
gulf

DUBAI: The UN Economic and Social Commission for Western Asia (ESCWA) has stated that around 1.7 million people working in the Gulf countries will lose their jobs due to the coronavirus outbreak.

"More than 1.7 million jobs could be lost in 2020, with the unemployment rate increasing by 1.2 percentage points. Activities in the services sector specifically will be reduced by half," the report stated.

The report further added that the GDP of the Arab states will experience a decline by at least 42 billion US dollars this year.

The ESCWA has also raised concerns over the outbreak's impact on people's lives and on the planet as a whole.

The report also points out that the Arab region has suffered huge loses due to the decline in oil prices as well as the shutting down of various offices.

TAGS: UN REPORT, ESCWA, GULF COUNTRIES, GULF, GULF NEWS
JOIN THE DISCUSSION
KERALA KAUMUDI EPAPER
TRENDING IN WORLD
TRENDING IN WORLD
X
Lorem ipsum dolor sit amet
consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
We respect your privacy. Your information is safe and will never be shared.