Coronavirus pandemic could push 150 million into extreme poverty

The World Bank reported that global extreme poverty is expected to rise for the first time in 20 years because of the disruption caused by COVID-19, exacerbating the impact of conflict and climate change, which were already slowing down poverty reduction.

Daily Current Affairs Quiz 2020

Key-Points

The pandemic may push another 88 million to 115 million into extreme poverty or having to live on less than $1.50 per day, resulting in a total of 150 million such individuals.

For more than two decades, extreme poverty was steadily declining. Now, for the first time in a generation, the quest to end poverty has suffered its worst setback.

 ‘Poverty and Shared Prosperity 2020: Reversals of Fortune’ presents new estimates of COVID-19’s impacts on global poverty and inequality. Some 9.1% to 9.4% of the world will be affected by extreme poverty in 2020.