The global economy is facing a potential recession in 2023 that threatens to undo the post-pandemic job recovery. Globally, employment has increased but job quality remains low, especially in lower-income countries where informal employment is prevalent. The volatility in markets and pessimistic economic climate are hindering investment and slowing productivity. Access to quality jobs with strong wages is becoming increasingly difficult.
Global Unemployment in 2022
In poor countries, employment has increased but job quality remains low.
Special Collection – The Middle East