FAQ: How has the coronavirus pandemic affected global poverty?
. And when women and girls are forced out of school early or experience unplanned pregnancy, it can have long-term effects on their finances.Globally, “women earn less, they save less, they’re more likely to be in precarious jobs with little security or protections if they do work, or in the informal sector, with no protections at all,” Valji told the Times. “And that means that they have less buffer to economic shocks, such as the ones we are experiencing.
In March, as the coronavirus spread, airlines started cutting flights and furloughing staff. Some shut down entirely. Border restrictions put in place to keep people from spreading the virus meant even travel between many neighboring countries became impossible.Now, experts are trying to measure the full impact tourism losses will have on the global economy.at least $1.2 trillion due to pandemic-related disruptions.
“The global contraction in tourism arrivals could have devastating economic consequences as some developing countries are highly dependent on tourism,” the report said. “In some countries, such as several small island developing states, tourism accounts for more than half of the GDP.”The jobs will affect workers in formal and informal sectors, and the lost wages could push workers who previously enjoyed steady work into dangerous financial uncertainty.
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