ILO Warns Iran War Could Erase 43 Million Jobs by 2027

2 articles · Updated · caspianpost.com · May 19

43 million full-time jobs could be wiped out globally next year if the US-Israeli war on Iran keeps disrupting trade, energy and labour flows, the ILO said.
1.1% real income losses this year and 3% by 2027 reflect higher energy costs, transport disruptions, supply-chain strain, weaker tourism and falling migrant labour deployments.
Arab states, the Gulf and Asia-Pacific face the heaviest hit, with about 40% of regional employment concentrated in exposed sectors including construction, manufacturing, transport, trade and hospitality.
April 8's ceasefire has not restored normal activity: the Strait of Hormuz remains blocked, the US naval blockade on Iranian ports continues, and attacks still flare in parts of the Gulf and Kurdistan.

With Gulf energy and remittances threatened, how are South Asian economies preparing for a potential 'dual shock' collapse?

With the US-backed IMEC trade corridor paralyzed, what is China's next move to capitalize on the regional chaos?