LONDON (Reuters) – Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by the World Economic Forum.
Unemployment rates have rocketed due to lockdowns and other restrictions to combat the coronavirus pandemic, with fears of worse to come in countries which have furloughed workers.
“The employment disruptions caused by the pandemic, rising automation and the transition to greener economies are fundamentally changing labour markets,” said Saadia Zahidi, Managing Director at the World Economic Forum (WEF). Read more…..
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Peter Orszag, Financial Advisory CEO at Lazard and former OMB director under Obama, joins ‘Closing Bell’ to discuss the coronavirus relief bill and what the Trump administration needs to do to facilitate the next steps.