New Delhi, April 13 -- World Bank President Ajay Banga has warned of a deeper crisis around a looming global jobs gap that could leave hundreds of millions without work in coming decades due to the prolonged West Asia crisis.
He said that nearly 1.2 billion people will enter working age in developing countries over the next 10 to 15 years. But current economic trends would generate only around 400 million jobs, leaving a deficit of roughly 800 million, he added.
Governments globally must balance immediate crises with long-term priorities including job creation, clean water access and electrification, the World Bank chief said.
"We have to walk and chew gum at the same time. The current environment is a short-velocity cycle dominated by g...