Latest update: 20 January

Jobless rate in the Euro zone declined to 8.3% in November 2020 from 8.4% in the previous month, according to Eurostat.

According to the OECD, the unemployment rate in OECD nations declined marginally to 6.9% in November 2020 from 7.1% in October 2020.


The World Bank forecasts global economic growth at 4% in 2021 as vaccine rollout becomes widespread.


Fitch Ratings revised its economic growth forecast of the UK for 2021 to 5% from its earlier estimate of 4.1%.

Impact of Covid-19 on employment outlook


Latest update: 8 January 

employment impact


Butterball, the largest Turkey producer in the US, plans to halt production at a plant in Missouri, which will result in a loss of 450 jobs.


Deliveroo is set to hire 15,000 new riders in the last quarter of the year as new partnerships with foodservice operators “soar”.

Revenue predictions

GlobalData’s latest forecasts show a decline of 3.8% in consumer products for 2020 compared to baseline predictions, equivalent to $334.3bn in lost revenue.

The restaurant channel will see the largest decline in value terms with a predicted $587.9bn value loss in 2020 vs the baseline forecast, equivalent to 24.7%. This gap between the baseline and slowdown forecast will narrow slightly to -7.8% in 2023.

Key Food developments

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