Crisis can affect over 3 million of Kazakh citizens employed in small business

Crisis can affect over 3 million of Kazakh citizens employed in small business

The current crisis caused by coronavirus pandemic has a major negative impact on the national business. A huge number of people employed in various sectors of the economy are facing a serious reduction in production. Experts estimated that this unfavorable situation could affect more than three million Kazakh citizens employed in small business. Over one million can be left without a job. According to preliminary estimates of the Center for the development of labor resources, the unemployment rate in the country can grow almost three times from 4.8 percent to 13.7 percent. Retrenchment or temporary vacation threaten those who work in catering, leisure and entertainment, trade, transport, storage and construction.

 

​Photo: zakon.kz