Global Recession

Highlight the impact of global recession on the poor in the informal sector.

Introduction Global recessions have far-reaching effects on economies, but the worst-hit are often the poor, especially those working in the informal sector. The informal sector, also known as the unorganized sector, includes workers who do not have formal employment contracts, social security, or labor law protections. These workers often live on the edge of poverty, […]

Highlight the impact of global recession on the poor in the informal sector. Read More »

Highlight the impact of global recession on the poor in the informal sector.

Impact of Global Recession on the Poor in the Informal Sector The global recession has severe consequences for the poor working in the informal sector. Unlike formal employees, informal workers lack social security, job stability, and regular income. This makes them highly vulnerable during economic downturns. 1. Loss of Employment During a recession, small businesses

Highlight the impact of global recession on the poor in the informal sector. Read More »

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