CURRENT AFFAIRS

Detailed explanation-1: -Denmark ranks first in this year’s GLRI, having occupied first place in its cyclical pillar, and fourth in its structural pillar. This has allowed Denmark to absorb and adapt in the face of the COVID-19 shock when its unemployment rate increased by one percentage point, less than in most OECD countries.

Detailed explanation-2: -The index ranked 136 countries for their resiliency in labour markets, policies, and key capabilities to face crises such as pandemics, technological disruptions, and transition to a green economy. The GLRI is an annual report that ranks countries for the resilience of their labour markets.