Women are more likely than men to be employed in the informal sector, leaving them with little protection. The COVID-19 pandemic has threatened progress in closing the gender gap.
The pandemic has so far proved to have a disproportionate effect on women, as they’re more likely to work in the social and informal sectors.
The IMF stresses the importance of implementing robust policy strategies that can help mediate the effects and limit damaging progress in gender equality.
The COVID-19 pandemic threatens to roll back gains in women’s economic opportunities, widening gender gaps that persist despite 30 years of progress.
Well-designed policies to foster recovery can mitigate the negative effects of the crisis on women and prevent further setbacks for gender equality. What is good for women is ultimately good for addressing income inequality, economic growth, and resilience.
Why has COVID-19 had disproportionate effects on women and their economic status? There are several reasons.First, women are more likely than men to work in social sectors — such as services industries, retail, tourism, and hospitality — that require face-to-face interactions. These sectors are hit hardest by social distancing and mitigation measures. In the United States, unemployment among women was two percentage points higher […]
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