GENEVA — Rising global unemployment levels and shrinking economies are expected to persist through 2009, according to reports from the United Nations and the International Labor Organization.
The global economy is projected to shrink 2.6 percent this year, down sharply from the 0.5 percent forecast in January, and world trade volume is expected to decline 11 percent, said the U.N.’s “World Economic Situation and Prospects Mid-2009 Update.” A separate study by the ILO projected the number of unemployed people worldwide would increase 31 million to 50.4 million this year, reaching 220 million to 239 million.
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