WOMEN AT WORK: The number of women employed worldwide increased by almost 200 million, or 18.4 percent, over the last 10 years, to reach 1.2 billion last year, compared with 1.8 billion men, but the quality of jobs and conditions in many cases fall short of expectations, a report by the International Labor Organization said. The report, released ahead of International Women’s Day on Saturday, said women are still more likely than men to get low-paying jobs and receive weak social protection and basic rights. A new International Trade Union Confederation report, titled “The Global Gender Pay Gap,” revealed that, on average, women are paid 15.6 percent less than their male counterparts.
This story first appeared in the March 13, 2008 issue of WWD. Subscribe Today.
TOUGH ECONOMIC OUTLOOK: The global economy has worsened in 2008 and will continue to decline in the next six months, according to a survey of more than 1,000 economic experts in 90 countries. As a result, the experts have revised the present global economic situation to its lowest level since mid-2003. The International Chamber of Commerce/Ifo World Economic Survey said the global economic climate index fell to 90.4 in January from 99.3 in October. The strongest decline was in the U.S.