{"id":66444,"date":"2020-03-19T11:06:55","date_gmt":"2020-03-19T03:06:55","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=66444"},"modified":"2020-03-19T11:25:39","modified_gmt":"2020-03-19T03:25:39","slug":"covid-19-outbreak-to-cause-loss-of-1-7-million-jobs-in-arab-world-un-report","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=66444","title":{"rendered":"COVID-19 Outbreak To Cause Loss Of 1.7 Million Jobs In Arab World: UN Report"},"content":{"rendered":"\n<p>BEIRUT, Mar 19 (NNN-AGENCIES) &#8211; UN Economic and Social Commission for Western Asia (ESCWA), said that, an estimated 1.7 million jobs will be lost in the Arab world in 2020, because of the outbreak of COVID-19.<\/p>\n\n\n\n<p>&#8220;More than 1.7 million jobs could be lost in 2020, with the unemployment rate increasing by 1.2 percentage points &#8230; Activities in the services sector specifically, will be reduced by half,&#8221; said an ESCWA report.<\/p>\n\n\n\n<p>The Arab states&#8217; GDP is expected to decline by at least 42 billion U.S. dollars in 2020, the report noted.<\/p>\n\n\n\n<p>&#8220;We are under a global health threat which may alter the world as we know it. Its impact on people&#8217;s lives and families, on our children&#8217;s education, on our health systems and on our planet are yet to be revealed,&#8221; said Rola Dashti, executive secretary of ESCWA.<\/p>\n\n\n\n<p>The COVID-19 has led to a significant decline in oil prices, which, compounded with the drop in oil prices, has cost the region nearly 11 billion dollars in net oil revenues between Jan and mid-Mar.<\/p>\n\n\n\n<p>Between Jan and mid-Mar, the Arab region&#8217;s businesses lost 420 billion dollars of market capital, equivalent to about eight percent of the total market capital in the region, the report said.&#8211; NNN-AGENCIES <\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIRUT, Mar 19 (NNN-AGENCIES) &#8211; UN Economic and Social Commission for Western Asia (ESCWA), said that, an estimated 1.7 million jobs will be lost in the Arab world in 2020, because of the outbreak of COVID-19. &#8220;More than 1.7 million jobs could be lost in 2020, with the unemployment rate increasing by 1.2 percentage points [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":66463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[300,198,217],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/66444"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66444"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/66444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/66463"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66444"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}