Updated estimates and analysis
on, inter alia, the International Monetary Fund (IMF)’s economic forecasts from October 2020, the baseline scenario projects a continued loss in working hours of 3.0 per cent in 2021 relative to the fourth quarter of 2019, which corresponds to 90 million full-time equivalent (FTE) jobs. In the pessimistic scenario, working ‑hour losses in 2021
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