Mar 27, 2020 12:40:00

With the new coronavirus, the number of unemployed people is expected to increase by 25 million worldwide and what measures are being taken by countries in response to an economic crisis like never before?

The International Labor Organization (ILO) believes that the pandemic of the new coronavirus infection (COVID-19) is causing economic and labor crises, and in the worst case, could increase the number of unemployed people by about 25 million worldwide. Announced.

Tens of millions face losing jobs in escalating coronavirus crisis-Reuters
https://www.reuters.com/article/us-health-coronavirus-jobs/ten-of-millions-face-losing-jobs-in-escalating-coronavirus-crisis-idUSKBN21D374

The ILO estimates that unemployed people will increase between 5.3 million and 24.7 million, envisaging 188 scenarios of the impact of COVID-19 on global economic growth. In the worst case, the ILO states that the number of unemployed people in the financial crisis caused by the Lehman Shock between 2008 and 2009 exceeded 22 million.

In response to this global economic crisis, countries are taking various economic measures.

◆ America

According to a U.S. Department of Labor

report (PDF file) , the number of applicants for unemployment insurance in the third week of March 2019 was a record 3.28 million. The previous record was 695,000 in October 1982, but the number of applicants is almost five times higher.

3.3 Million File for Unemployment Claims, Shattering The Record: NPR
https://www.npr.org/2020/03/26/821580191/unemployment-claims-expected-to-shatter-records

In response, the U.S. Senate unanimously passed an economic stimulus package on March 25, 2020, the largest in US history at $ 2 trillion (about 220 trillion yen). According to this economic support measure, `` $ 1200 (about 130,000 yen) per adult with an annual income of $ 75,000 or less, and $ 500 (about 55,000 yen) per child directly '' 'Expansion of unemployment benefits' 'Provision of $ 350 billion (approximately 38 trillion yen) to support small and medium enterprises to subsidize employee salary payments' 'For aviation and other industries that are particularly severely affected Financing 'and' investment in medical development ', and it will be discussed in the lower house on March 27.

◆ UK

Nearly 7,000 infected cases have already been identified in the United Kingdom, and it has been

reported that Prince Charles has also been infected with COVID-19. Although a national health service called the National Health Service has been adopted, it has been suggested that the COVID-19 pandemic could cause a bankruptcy.

In order to prevent the spread more of the infection, the United Kingdom of Boris Johnson Prime Minister 'immediately prohibit the going out of nonessential' in TV speech to the announcement . He stated that failure to comply could result in fines and other consequences.

The UK has announced that the government will provide up to 80% of salary and up to £ 2,500 per person per month for companies that maintain their employment. Even if it is changed to a long vacation due to going out, subsidies will be paid if the employment contract is maintained. This salary subsidy covers the nominal salary and is paid for three months starting March 1. However, Finance Minister Rishi Snack said that the continuation was considered if necessary.

In addition, we are providing other support measures for small businesses, such as interest-free funding, postponement of income tax payments by six months, and rent subsidies for low-income earners.

◆ France

France's Minister for Economic Affairs and Bruno Lemner

announced on March 17, 2020, emergency economic assistance measures following the effects of the new coronavirus. Emergency economic assistance measures worth a total of 45 billion euros (approximately 5.4 trillion yen) mean that the state will cover 100% of the allowances paid to employees who leave work, up to 4.5 times the legal minimum wage. The government estimates that this subsidy amounts to about 8.5 billion euros (about 1 trillion yen) in two months.

In addition, the company has set up a rescue fund of € 2 billion (approximately ¥ 240 billion), and will immediately pay € 1500 (approximately ¥ 180,000) to some companies that have been forced to close due to measures against the new coronavirus. Also revealed.

◆ Germany

Germany's Treasury Minister Olaf Scholz and Minister of Economy Peter Altmeyer said, 'Easy requirements for reduced working hours for short working hours', 'Special tax measures to prevent worsening corporate cash flow', 'Large support for companies' '' launch a comprehensive measures package to mitigate the impact of the new coronavirus that strengthening cooperation 'with the European countries, unlimited loan program for companies raised have been.

In the package, Germany states that it will guarantee debt for large companies of € 400 billion (approximately ¥ 48 trillion) and € 100 billion (approximately ¥ 12 trillion) for investment in SMEs.

◆ Australia

On March 23, 2020, a system failure occurred on the website of the Australian government agency, causing a problem that prevented access. Initially, the government announced that it was a 'cyber attack,' but it turned out that this was due to a concentration of people unemployed by the new coronavirus.

Government agency HP down, corona unemployed access surge caused by: International: News: Yomiuri Shimbun Online

https://www.yomiuri.co.jp/world/20200323-OYT1T50167/

The rising number of unemployed people in Australia is also a problem, and the Australian Federal Government will increase employment quotas by promoting expansion plans for the Acland Coal Mine in Queensland, and make the mine business a sink for unemployed people It is reported that they are planning. However, farmers near the coal mine have filed a lawsuit with the Supreme Court seeking suspension of the expansion plan, and it seems that progress has not been made smoothly.

◆ Korea

South Korea has announced a total of 100 trillion won (approximately 9 trillion yen) in financial support measures, stating that it will support companies by purchasing corporate bonds as a measure against corporate bankruptcy. In addition, companies that have been forced to take leave due to the effects of the new coronavirus will receive 90% of their employees' leave allowance as support money, and up to 130,000 won per person per day if employees take paid leave. To a company Compensation ( Hoten ) I announced that.