ISLAMABAD: The International Labour Organisation has revised its global employment forecast for 2025, projecting the creation of 53 million jobs instead of the previously estimated 60 million.

This translates into a reduction in global employment growth from 1.7 per cent to 1.5pc this year. The drop — which is the equivalent of around seven million fewer additional jobs — reflects a downgraded global economic outlook, as GDP growth is expected at 2.8pc, down from a previous projection of 3.2pc.

The ILO’s latest employment estimates, issued in its new ‘World Employment and Social Outlook’ Update released on........

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