Women lost income worth $800bn in 2020 amid Covid-19, study shows
- Date: 30-Apr-2021
- Source: The National
- Sector:Healthcare
- Country:Middle East
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.