Mutually reinforcing crises, including rising debt levels, are disproportionately affecting developing countries, worsening the global employment divide between high-income and low-income countries and widening existing inequalities exacerbated by the COVID-19 pandemic, says this new ILO report. While global unemployment in 2023 is expected to fall below pre-pandemic levels – to 191 million, corresponding to a global unemployment rate of 5.3 per cent – estimates show that low-income countries remain far behind in the recovery process, according to this ILO Monitor on the World of Work – 11th edition .
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