S&P Global: Job losses across Asia-Pacific could double due to coronavirus [MSN Money]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: MSN Money
Jobs in the servic industri will be among the first to feel the impact of those lockdowns. Unfortunately, they also drive job creation in the Asia Pacific region, said S&P Global in a report on Monday.Using a forecast of a hit to growth of around 7.5 perctage points, S&P laid out that impact on job loss among major countri in the region.© Provided by CNBCJob loss across Asia Pacific could double due to the coronavirus pandemic — and some of the jobs may not come back for a while, S&P Global warned.Load Error"Unemploymt rat across Asia-Pacific could rise by well over perctage points, twice as large as the average recsion," said S&P's Asia Pacific Chief Economist Shaun Roache in a report Monday.The servic industri are among the first to feel the impact of those lockdowns, but that very sector is also what's driving job creation in countri like and , the ratings giant said."Jobs are at the core of the currt economic crisis," said Roache."Service sector activiti oft require human-to-hum
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