‘Sharp’ slowdown underway: UN

The war raging in Ukraine and other overlapping crises are taking a toll on labour markets worldwide, the UN said yesterday, suggesting a "sharp" slowdown was already underway. In a fresh report, the ILO cautioned that the outlook for global labour markets has deteriorated in recent months. It warned that multiple crises, compounded by Ukraine war, were piling up with the world still in the grips of Covid-19 pandemic.