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Showing posts from January, 2022

Understanding risk

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Risk: Unemployment outlook  The International Labour Organization (ILO) estimates the number of individuals in the labour force aged 15 and up in 2017. Unemployment can be used to assess the overall health of the economy. Long-term high unemployment reduces consumer purchasing power, lowers government tax revenues, and raises the risk of societal instability. Furthermore, while economists and scholars think that some natural unemployment is unavoidable, excessive unemployment has huge consequences for individuals, society, and the country. Worse, the majority of the expenditures are "dead loss" in nature, which means that there are no benefits to offset the costs that everyone must bear. Depending on how the unemployment rate is calculated, it can be interpreted in a variety of ways. And, with that in mind, business prospects in a country with a high-risk unemployment outlook can put a company's survival in jeopardy. South Africa, Greece, Spain, Tunisia, the Dominican Rep