Coronavirus may throw 60 million into extreme poverty: World Bank
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Sri Lanka, May 20 -- (rt.com), 20 May, 2020 -The world's progress in eliminating poverty is set to suffer a major setback due to the Covid-19 outbreak, forcing more people to survive on less than $1.90 per day, the World Bank has said in its recent report.
"The pandemic and shutdown of advanced economies could push as many as 60 million people into extreme poverty - erasing much of the recent progress made in poverty alleviation," World Bank Group President David Malpass said. According to him, the unprecedented crisis could wipe out up to three years of progress in the area.
The pandemic has been ripping through the global economy, which is set to fall into a deep recession and contract by up to five percent this year, the Washington-b...
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