2.3mn Pakistani youth could lose jobs under long term COVID containment: ADB
- As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.
Over 2.3 million youths in Pakistan could lose their jobs in case of a long term containment scenario implemented to curtail the coronavirus spread, revealed Asian Development Bank (ADB) in its latest report.
As per the report titled Tackling the COVID-19 Youth Employment Crisis in Asia and the Pacific, in the 6-month scenario, job losses for youth may equal 6.1 million in India, followed by Pakistan with 2.3 million.
For most countries, a 6-month period would reach into September because containment started near the beginning of April. Whereas, in other countries many restrictions will be lifted, and businesses will have resumed full operations before September.
Meanwhile, under the 3-month scenario, the largest losses are expected in countries with the largest workforce, but the start date of serious containment measures and the severity of restrictions also have an important impact. In India, the equivalent of 4.1 million youth jobs may be lost, followed by Pakistan with 1.5 million.
The report was if the view that these countries not only have a larger population and workforce, but they also imposed stringent containment measures and did so early, in the latter half of March. As containment measures have continued to be in force after three months in many countries, despite some relaxation, the short containment results are best viewed as a lower bound of job losses.
The report said that between 10 and 15 million youth jobs may be lost across 13 countries in Asia and the Pacific in 2020. These estimates are based on the expected fall in output and consequent decrease in labour demand for the year relative to a non-COVID-19 scenario.
The projected rise in youth unemployment rates varies considerably across the 13 countries, but increases are expected for all countries. In Cambodia, Fiji, Nepal, Pakistan, the Philippines and Thailand, youth unemployment rates are expected to reach at least double the 2019 estimates even in a scenario of short COVID-19 containment.
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