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Europe Daily Bulletin No. 11093

4 June 2014
ECONOMY - FINANCE - BUSINESS / (ae) economy
ILO highlights social impact of budget consolidation

Brussels, 03/05/2014 (Agence Europe) - On Tuesday 3 June, the International Labour Organisation (ILO) published a stark assessment of the social impact of budget adjustment measures, noting that only 27% of the world's population have access to a full social welfare system, and the reduction in the number of people who can access welfare is hindering economic recovery.

In its report on social protection around the world in 2014-2015, the ILO explains that, in the first phase of the economic...