(Photo: Alexey Nikolsky / TASS)
Mass unemployment and poverty remain the main risks to the world, President Vladimir Putin said at the virtual G20 summit.
“The main risk, of course, remains the likelihood, despite some positive signals, the main risk will still remain massive long-term, so-called stagnant mass unemployment. With the subsequent growth of poverty and social disorder, ”the Russian leader warned during his speech at the summit via video link.
He said the pandemic has seriously undermined the growth of national economies, claimed hundreds of thousands of lives and deprived millions of people of their jobs.
Putin noted that the pandemic, as well as the global lockdown and freezing of economic activity, launched a systemic economic crisis that the world has not faced since the Great Depression. The President called the scale of the challenges the world faces in 2020 unprecedented.
The material is being supplemented.