Job losses across Asia-Pacific could double due to coronavirus, says S&P Global [MSNBC.com]
S&P Global Inc. (SPGI)
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Source: MSNBC.com
Large queues formed outside n unemployment benefit offices as the prime minister warned the coronavirus pandemic would cause an economic crisis akin to the Great Depression.PETER PARKS/AFP/ Getty ImagesJob losses across Asia Pacific could double due to the coronavirus pandemic — and some of these jobs may not come back for a while, S&P Global warned." rates across Asia-Pacific could rise by well over 3 percentage points, twice as large as the average recession," said S&P's Asia Pacific Chief Economist Shaun Roache in a report Monday.The services industries are among the first to feel the impact of those lockdowns, but that very sector is also what's driving job creation in countries like and , the ratings giant said."Jobs are at the core of the current economic crisis," said Roache."Service sector activities often require human-to-human contact while mitigation policies aim at social distancing. The clash of these two is obvious," he wrote.Based on projected reduced growth of about 7
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SPGI
Earnings
- 10/31/25 - Beat
SPGI
Sec Filings
- 12/4/25 - Form 8-K
- 12/1/25 - Form 8-K
- 11/13/25 - Form 8-K
- SPGI's page on the SEC website