With reference to ldquo World Employment and Social Outlook Trends 2025 rdquo report consider the fo...........

Indian Economic System(RAS) Poverty and employment

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:

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.
Statement-II is Incorrect: The report states that the global economy has not fully recovered from the impacts of the COVID-19 pandemic due to challenges like geopolitical tensions, climate change, and unresolved debt issues.

Hence option 3rd is correct.