Coronavirus pandemic has wiped out $3.5tn in work income, says ILO

UN body figures show people in Americas and lower to middle-income nations hardest hit

The economic fallout from the coronavirus pandemic has wiped out $3.5tn (£2.75tn) of earnings for millions of people around the world, according to the UN’s labour body.

The International Labour Organization (ILO) said income from work declined by an estimated 10.7% in the first three-quarters of 2020 compared with the same period in 2019.

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