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Economics

Covid Has Wiped Out the Economic Dreams of a Generation in Asia

  • Those 15 to 24 getting left behind at start of their careers
  • Women and poorest are hard hit by jobs crisis amid pandemic
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Covid Dashes Young Dreams in Asia

Asia’s fast-growing economies for decades have offered millions of young people the chance to do better than their parents, a path to upward mobility now at risk as youth unemployment soars in a region home to a majority of the world’s 15- to 24-year-olds.

These young people -- just at the start of their working lives -- are losing jobs at a faster rate than older generations because almost half are clustered in the four economic sectors hurt most by the Covid-19 pandemic, including wholesale and retail trade, manufacturing, business services and accommodations and food service.