RIO DE JANEIRO, BRAZIL - Faced with an unprecedented crisis intensified by the paralysis of much of the world's trade and business activity, the International Labor Organization (ILO) projects that the novel coronavirus pandemic will eliminate up to 195 million jobs.
That number was much lower three weeks ago, when the organization expected a loss of 25 million jobs if governments did not act quickly to protect workers from the impact of the pandemic.
Since then, countries have rushed to pump liquidity into markets and implement fiscal and monetary measures, but the most sensitive part of the economy - employment - now . . .
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