Report: Rising Prices Affect Women the Most
2022-07-17
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1A research organization based in Geneva, Switzerland warns that rising prices are likely to affect women more than men.
2The World Economic Forum released a report Wednesday on the economic conditions of women and men around the world.
3The group warns that inflation could increase the difference, what is called the gap, between men and women in the world's labor force.
4The World Economic Forum is best known for holding a yearly gathering of famous business, cultural and political leaders in the Swiss town of Davos.
5For the past 16 years, the group has written the Global Gender Gap Report that aims to measure gender equality around the world.
6The group said there were hopes that the gender gap would begin to become smaller as the COVID-19 health crisis eased.
7Now, economic shocks threaten to make the gap worse, it said.
8The forum estimates that it will take 132 years for the world to reach gender equality.
9That is down from the 136 years estimated in last year's report.
10The organization studies gender differences in four main areas: pay and economic opportunity, education, health, and political empowerment.
11The group studied 146 countries, rating each one in the four areas of gender quality.
12It rated Iceland as the most gender-equal country in the world, followed by Finland, Norway and New Zealand.
13Rwanda, Nicaragua and Namibia were also highly ranked.
14Germany, Europe's biggest economy, came in 10th place.
15Further down the list were the world's biggest economies.
16The United States was 27th, China was 102nd and Japan was 116th, last among G7 major industrialized nations.
17Saadia Zahidi is a top official with the World Economic Forum.
18She said women have been disproportionately affected by the crisis caused by inflation.
19Women were especially hurt by job losses during the pandemic and a lack of, what she called, "care infrastructure" - such as care services for old people or children, Zahidi said.
20"In face of a weak recovery, government and business must make two sets of efforts: targeted policies to support women's return to the workforce and women's talent development in the industries of the future," she said.
21"Otherwise, we risk eroding the gains of the last decades permanently and losing out on the future economic returns of diversity," Zahidi said.
22I'm Dan Novak.
1A research organization based in Geneva, Switzerland warns that rising prices are likely to affect women more than men. 2The World Economic Forum released a report Wednesday on the economic conditions of women and men around the world. 3The group warns that inflation could increase the difference, what is called the gap, between men and women in the world's labor force. 4The World Economic Forum is best known for holding a yearly gathering of famous business, cultural and political leaders in the Swiss town of Davos. For the past 16 years, the group has written the Global Gender Gap Report that aims to measure gender equality around the world. 5The group said there were hopes that the gender gap would begin to become smaller as the COVID-19 health crisis eased. Now, economic shocks threaten to make the gap worse, it said. 6The forum estimates that it will take 132 years for the world to reach gender equality. That is down from the 136 years estimated in last year's report. 7The organization studies gender differences in four main areas: pay and economic opportunity, education, health, and political empowerment. 8The group studied 146 countries, rating each one in the four areas of gender quality. It rated Iceland as the most gender-equal country in the world, followed by Finland, Norway and New Zealand. Rwanda, Nicaragua and Namibia were also highly ranked. Germany, Europe's biggest economy, came in 10th place. Further down the list were the world's biggest economies. The United States was 27th, China was 102nd and Japan was 116th, last among G7 major industrialized nations. 9Saadia Zahidi is a top official with the World Economic Forum. She said women have been disproportionately affected by the crisis caused by inflation. Women were especially hurt by job losses during the pandemic and a lack of, what she called, "care infrastructure" - such as care services for old people or children, Zahidi said. 10"In face of a weak recovery, government and business must make two sets of efforts: targeted policies to support women's return to the workforce and women's talent development in the industries of the future," she said. 11"Otherwise, we risk eroding the gains of the last decades permanently and losing out on the future economic returns of diversity," Zahidi said. 12I'm Dan Novak. 13Dan Novak adapted this story for VOA Learning English based on a report by The Associated Press. 14___________________________________________________________________ 15Words in This Story 16gender - n. the state of having female and male sexes 17opportunity - n. a chance or situation in which something can be done 18disproportionately - adv. showing a difference this either not fair, not reasoned or unexpected 19talent - n. a special ability that allows someone to do something well 20erode - v. to gradually destroy 21diversity - n. the quality or state of having many different forms, kinds or examples of something 22_____________________________________________________________________ 23We want to hear from you. We have a new comment system. Here is how it works: 24Each time you return to comment on the Learning English site, you can use your account and see your comments and replies to them. Our comment policy is here.