Millions of jobs lost in coronavirus pandemic may not return: IMF – ZAWYA

Millions of jobs lost in coronavirus pandemic may not return: IMF – ZAWYA

Millions of jobs lost in coronavirus pandemic may not return: IMF | ZAWYA MENA Edition HomeEconomyGlobalArticleMillions of jobs lost in coronavirus pandemic may not return: IMF Unemployed need support to shift to other industries that are still hiring    Image sued for illustrative purpose. People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fayetteville, Arkansas, U.S. April 6, 2020.Many of the millions of employees who lost their jobs during the coronavirus pandemic are unlikely to rejoin their company or find a similar role after the situation has eased, according to International Monetary Fund (IMF) experts.Companies around the world are attempting to restart their business and recover from the disruptions caused by the health crisis. But with the virus still raging and coffers bleeding, the industries that have been worst hit may be downsized forever."The crisis will be transformational. Many of the jobs destroyed by the crisis will likely not return,“ said Vitor Gaspar, IMF director of fiscal affairs department, and Gita Gopinath, economic counsellor and director of research department, in their latest blog.Companies around the world are attempting to restart their business and