The current recession, unlike past economic slumps that have tended to be worse for men, is disproportionately bad for women.
It comes after a period where the COVID-19 pandemic and multiple shocks in the global economy have hindered progress on closing the gender gap. Women’s jobs were 1.8 times more vulnerable than those of men throughout the pandemic and are suffering more disruption in the subsequent economic fallout.
This year’s Global Gender Gap Report finds the global gender gap has closed by 68.1%, meaning that as the global economy enters its third year of disruption, it will take another 132 years to reach gender parity. It’s a slight improvement on the 136 years in 2021 but remains significantly higher than the 100 years recorded prior to 2020.