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A recent Google Trends report has indicated that searches for the keywords “recession” and "lost job" have shot up to an all time high in the recent weeks.
The last time interest for the keywords rose to such highs was during the 2008 downturn.
Interest for the keyword "recession" has shot up in the recent weeks.
What’s even more alarming is that searches for the terms “lost job” have shot up to over double the highest point in history in under a month.
This indicates the worsening layoffs taking place globally as more and more companies begin retrenching staff to cut operating costs.
“Lost Job” searches have been 2x the previous high since 2004.
Since March, companies around the world have introduced stimulus packages to help the economy stay afloat.
This however, may only serve as a short term measure as global trade grinds to a halt due to nationwide shut-downs.
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