The United Nations warned on Monday that the global economic slowdown will force more workers to accept lower-paying jobs in 2023. The United Nations International Labor Agency said the cost of living crisis is pushing more people into poverty as prices are rising more than incomes.
According to him, the unemployment level in the world is expected to increase. Russia’s war in Ukraine, geopolitical tensions and the recovery of the coronavirus pandemic were cited as reasons for such a situation. “Together, they created the conditions for high inflation and low economic growth for the first time since 1970,” the agency said in its annual report. According to the data, the countries most affected are low- and middle-income countries.
