COVID-19 pandemic may drive 40-60 mln to extreme poverty: UNCTAD report
India, May 14 -- Families will be pushed deeper into poverty as the current employment decline is biggest since World War II, according to the report
The novel coronavirus disease (COVID-19) pandemic is likely to drive around 40-60 million people to extreme poverty, according to a report published by the United Nations Conference on Trade and Development (UNCTAD) on May 13, 2020.
Global poverty - the share of the world's population living on less than $1.90 (Rs 143.41) per day - is projected to increase to 8.6 per cent (665 million people) in 2020, from 8.2 per cent (632 million people) in 2019, the report pointed out.
The report - prepared with the collaboration of 36 international organisations - said this unprecedented increase in g...
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