ADVERTISEMENT

Workers in Informal Economy Set for 60% Decline in Income

Workers in Informal Economy Set for 60% Decline in Income

Workers in Informal Economy Set for 60% Decline in Income

(Bloomberg) -- Income losses for informal economy workers because of the economic fallout from the coronavirus pandemic are likely to be “massive,” according to the International Labor Organization. ILO estimates show that earnings for those workers probably saw a decline of 60% globally in the first month of the crisis.

©2020 Bloomberg L.P.