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Temporary layoff schemes no cure-all in slow Covid-19 recovery

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A closed travel agency store in UK. Temporary layoff schemes work well for sectors of the economy that can bounce back well. However, the tourism or entertainment sectors does not look set for a V-shaped recovery.

Brussels

TEMPORARY unemployment schemes operating across Europe could struggle to save the jobs of leisure and travel sector workers facing drawn-out or partial recoveries from the Covid-19 pandemic, even if they help industries that rebound quickly.

Short-term unemployment or...

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