Sangam: A Confluence of Knowledge Streams

COVID-19 and the Informal Economy: Round 1 Global Summary

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dc.creator WEIGO
dc.date 2021-07-29T11:51:56Z
dc.date 2021-07-29T11:51:56Z
dc.date 2021-07
dc.date.accessioned 2022-05-26T08:47:49Z
dc.date.available 2022-05-26T08:47:49Z
dc.identifier WIEGO (2021) COVID-19 and the Informal Economy: Round 1 Global Summary, Manchester: WIEGO
dc.identifier https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/16765
dc.identifier https://www.wiego.org/publications/covid-19-and-informal-economy-round-1-global-summary
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/198578
dc.description Informal employment accounts for over 60 per cent of all global employment, representing roughly two billion workers, and 90 per cent of employment in developing countries (ILO 2018). Early in the COVID-19 crisis, the ILO projected that 1.6 billion informal workers would be among those most severely affected and that they would lose 60 per cent of earnings during the first months of the pandemic. The ILO forecasted that this would lead to a sharp growth in relative poverty levels among informal workers from 26 to 59 per cent globally, and a staggering 18 to 74 per cent among informal workers in low-income countries (ILO 2020). In regions that have experienced the worst effects of the pandemic and which have a high prevalence of informal employment, progress in reducing income poverty could be set back by 30 years (Summer et al 2020).
dc.description IDRC | CRDI
dc.language en_US
dc.publisher Women in Informal Employment: Globalizing and Organizing (WIEGO)
dc.rights https://www.wiego.org/using-and-citing-material-wiego
dc.rights WIEGO © 2021
dc.subject Finance
dc.title COVID-19 and the Informal Economy: Round 1 Global Summary
dc.type Other
dc.coverage Ghana
dc.coverage Bulgaria
dc.coverage Senegal
dc.coverage India
dc.coverage Mexico
dc.coverage United States of America
dc.coverage Peru
dc.coverage South Africa
dc.coverage Tanzania
dc.coverage Thailand


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