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Europe risks losing 15 million jobs if new economic support isn't approved, IMF says

Europe risks losing 15 million jobs if new economic support isn't approved, IMF says
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Europe risks losing 15 million jobs without new economic support: IMF

A mix of public- and private-sector support totaling 2% to 3% of GDP would best counteract the equity pressures facing businesses, the IMF said ....

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IMF Warns Europe's Firms Need Equity to Save 15 Million Jobs

IMF Warns Europeâs Firms Need Equity to Save 15 Million Jobs
Mar 03 2021, 11:24 AM
March 02 2021, 6:30 PM
March 03 2021, 11:24 AM
(Bloomberg) European governments must help businesses boost their equity or face a wave of bankruptcies and unemployment that could cost 15 million jobs, according to analysis by the International Monetary Fund.
(Bloomberg) European governments must help businesses boost their equity or face a wave of bankruptcies and unemployment that could cost 15 million jobs, according to analysis by the International Monetary Fund.
The Fund estimates massive public cash handouts during the pandemic helped save 30 million jobs, but the share of insolvent companies still increased, with small firms particularly affected. To lift European business out of danger, it said a combination of public and private support totaling 2% to 3% of economic output is needed. ....

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