Cryptocurrencies: 5,987
Markets: 542
Marketcap: $ 399.92 B
24h Vol: $ 59.81 B
BTC Dominance: 59.79%

Global market data

[coinmc id="2721"]

[ZEROHEDGE] Virus Could Push 150 Million People Into Extreme Poverty  

Zero Hedge

Virus Could Push 150 Million People Into Extreme Poverty  

Tyler Durden

Mon, 10/12/2020 – 13:15

The World Bank suggested upwards of 150 million people could be pushed into “extreme poverty” due to the virus pandemic, erasing nearly three years of progress in global poverty reductions. 

According to the report, for the first time in two decades, the virus pandemic, compounded by the effects of climate change, are slowing poverty reduction progress, resulting in an additional 88 million to 115 million people falling into extreme poverty this year, with total estimates of 150 million in 2021, depending on the economic recovery shape. 

The biennial Poverty and Shared Prosperity Report defines “extreme poverty” as living on less than $1.90 per day, which is likely to affect between 9.1%-9.4% of the world’s population this year. With the world’s poverty rate expected to rise this year, it would mean extreme poverty is at 2017’s 9.2% level, marking the first rise in the poverty rate in two decades. The rate was expected to drop to 7.5% by 2021 before the coronavirus pandemic. 

Join our Telegram channels

Join our Telegram group ➡️ t.me/Liquidary

Follow us Twitter ➡️ twitter.com/liquidary

 

Find the full article here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Liquidary.com will use the information you provide on this form to be in touch with you and to provide updates and marketing. You can unsubscribe anytime.