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MTV Lebanon
Jobs at risk amid rising tensions
A report issued by the International Labour Organization warns that escalating geopolitical tensions, especially the closure of the Strait of Hormuz, could result in the loss of approximately 52 million full-time jobs worldwide during 2026 and 2027. This tension leads to increased costs in production, transportation, and energy, which negatively impacts the labor market through rising unemployment rates and declining output. The aviation sector and heavy industries are expected to be most affected. Experts also warn that artificial intelligence poses a significant threat of substantial unemployment in the coming years.
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