Women lost income worth $800bn in 2020 amid Covid-19, study shows

Women lost income worth $800bn in 2020 amid Covid-19, study shows

The Covid-19 pandemic had a greater economic impact for women due to over-representation in industries hardest hit by the crisis, according to a report by an international non-profit organisation.

Women around the world lost at least $800 billion in income in 2020, according to estimates by Oxfam International. That's more than the combined gross domestic product of 98 countries, the $700bn in market capitalisation that Amazon gained in 2020, and the $721.5bn the US government spent in 2020 on defense budget, according to the report.