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Women’s Job Cuts May Shave $1 Trillion Off Global GDP, Citi Says

  • Citigroup analysis shows women are more vulnerable to job cuts
  • More women work in sectors at risk of virus-related layoffs
China Works to Contain Spread of Coronavirus

Photographer: Kevin Frayer/Getty Images

A potential $1 trillion could be lost from global growth as female workers fall out of the workforce during the coronavirus, according to a new analysis by Citigroup Inc.

Of 44 million workers in vulnerable sectors, about 31 million female workers face potential job cuts compared to 13 million men, underscoring that women globally are more vulnerable to losing their jobs during the crisis. The assessment excludes China, with the figure likely to be higher if the world’s second-largest economy was included.