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

SourceThe National
SectorHealthcare
CountryMiddle east

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.

“This conservative estimate doesn’t even include wages lost by the millions of women working in the informal economy —

...read more...