COVID-19 pandemic might force 150 million people into extreme poverty: World Bank

World Bank has revealed that due to ongoing COVID-19 pandemic, as many as 88 million to 150 million people around world will likely be forced into extreme poverty by 2021. World Bank me shocking revelation on Wednesday, October 7 when it releases its biennial Poverty and Shared Prosperity Report.

Middle-income countries will be severely affected

As per a PTI report, World Bank also stated that post-COVID ecomy will be very different and countries will have to be prepared for drastic changes like allowing resources, capital and labour to move towards different sectors. exact figure of people that will be forced into extreme poverty will depend on severity of ecomic contraction.

World Bank Group President stated that “ pandemic and global recession may cause over 1.4 per cent of world’s population to fall into extreme poverty”.

Re: COVID-19 Could Increase Child Mortality Rate By 45% In Developing Countries: World Bank

Re: COVID-19: 20,000 Empty Chairs Set Up In Hor Of People Who Succumbed To Pandemic In US

World Bank report claimed that worst affected will be countries that alrey have alarming levels of poverty and that 82 per cent of total people that will slip into extreme poverty will be from middle-income countries. report also spoke about success story of Mumbai’s Dharavi, and one of India’s largest urban settlements was able to effectively tackle COVID-19 pandemic through a combination of mobilising community members and staff from private medical clinics for a strategy based on mass screening for fever and oxygen levels.

COVID-19 pandemic which saw its first outbreak in a wet market in Wuhan, China last year has w spre all across world. virus, named COVID-19 by World Health Organisation, has infected over 35 million people worldwide with global death toll crossing 1,000,000. US has reported more than 7.5 million positive COVID-19 cases and a death toll of over 210,000.

(With PTI inputs, Im: investopedia.com)

Re: Coronavirus Transmission Through Air Possible, 6 Feet Distance t Eugh: US CDC

Re: Singapore To Provide Financial Aid To Would-be Parents During COVID-19 Pandemic