Rob Subbaraman is head of global macroeconomic research at Nomura. Sonal Varma is the bank's chief Asia ex-Japan economist.
As the COVID-19 pandemic has progressed, Asian nations' unemployment rates have generally not set alarm bells ringing.
Opinion
Asia has an unemployment crisis waiting to happen
Export collapse will expose how tenuous many workers' jobs are
A textile worker lies down outside a factory after it was shut due to the lockdown in Bhiwandi, India, on Apr. 1: the worst is yet to come as a severe export slump lies ahead. © Reuters
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