More countries are fighting the current economic recession as we can see in this week’s London Summit of Group of 20 meeting. Leaders of the world’s 20 largest economic powers discuss the global recession and decide new measures establishing the world on a more stable economic footing. In facts, many countries are facing the facts that their economic growth is decreasing, less exports and more jobs are loss. Many governments then made a plan of new economic stimulus for various sectors, including natural resources business such forestry. The new economic stimulus is expected to create more jobs.
I noted a press release of FAO referring recent report on Green Jobs by ILO. According to the study, unemployment worldwide could increase from 179 million in 2007 to 198 million in 2009 under the best case scenario. With the worst case scenario, it reach higher as 230 million.
Another estimation of job losses in US says it spread from construction, retail, professional services until manufacturing. The number were varies from 12,000 to 51,000 for each sector.
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