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With reference to “World Employment and Social Outlook: Trends 2025” report, consider the following statements
Statement-I: It is the International Labour Organization (ILO) released report that highlights that the global unemployment rate is expected to remain steady at 5% in 2024.
Statement-II: The global economy has fully recovered from the impacts of the COVID-19 pandemic.
Which one of the following is correct in respect of the above statements?
Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.
Both Statement-I and Statement-II are correct, but Statement-II is not the correct explanation for Statement-I.
Statement-I is correct, but Statement-II is incorrect.
Statement-I is incorrect, but Statement-II is correct.
Recently, the International Labour Organization (ILO) has released its World Employment and Social Outlook: Trends 2025 report.
Key Findings of the World Employment and Social Outlook: Trends 2025 Report
India’s Role in Southern Asia’s Growth:
India’s GDP growth was 6.9% in 2024 and is forecasted to be 6.4% in 2025.
Southern Asia’s economy is projected to grow by 5.8% in 2025, driven by India.
Global Employment Trends:
Statement-I is Correct: The International Labour Organization (ILO) released this report, highlighting that the global unemployment rate is expected to remain steady at 5% in 2024.
Youth unemployment persisted at a high 12.6%.
Informal work and working poverty returned to pre-pandemic levels.
Hence option 3rd is correct.
By: Shubham Tiwari ProfileResourcesReport error
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