Asia is expected to be the worst affected, with 30 million jobs at risk of being lost.
Increasing for the fifth straight month, Hong Kong’s unemployment rate hits 3.7% in February, the highest since January 2011.
From March 18 to March 31, travel to and from Malaysia will be prohibited, while all non-essential businesses and services will be shuttered.
PayPal report finds that while Singapore workers are well-equipped to deal with technological disruptions, financial preparedness is still lacking.
The social media giant has shut part of its offices in Singapore and London after one of its employees was tested positive for COVID-19.
When implemented later this year, the company-wide wage freeze will affect all employees, except for operational and support staff.
