4. The social climate aggravated in many countries, which could bring other social unrest. Most of the risk is increasing in sub-Saharan Africa, the Middle East and North America.
Fiscal savings along with the deregulation of labour markets do not provide any short-term prospects for job growth according to the report. There is no direct link between labour markets reforms and job growth. Especially in Europe, some reforms have strengthen the instability of jobs and further deepen social inequality while also failing in the issue of creating new jobs. If, however, a convenient combination of taxation and higher spending on public investments and social benefits is introduced, up to 2 million jobs could arise in the advanced economies during the year.
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Article source International Labour Organization - ILO official website