Covid-19 crisis could see jump in global extreme poor to 1.1b


The report - published by UNU-WIDER, part of the United Nations University - played through a number of scenarios, taking into account the World Bank’s various poverty lines - from extreme poverty, defined as living on US$1.90 a day or less, to higher poverty lines of living on less than $5.50 a day.

LONDON: The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than US$1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.

The report - published by UNU-WIDER, part of the United Nations University - played through a number of scenarios, taking into account the World Bank’s various poverty lines - from extreme poverty, defined as living on US$1.90 a day or less, to higher poverty lines of living on less than $5.50 a day.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Unisem expects performance boost amid semiconductor recovery
Gadang wins RM280mil data centre contract
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
FBM KLCI rebounds to hit fresh two-year high
Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak

Others Also Read