Coronavirus could push over 1 billion people to extreme poverty, new study suggests

A new study by United Nations Development Programme revealed that 207 million more people could be pushed into ‘extreme poverty’ by year 2030. This will be one of ‘severe long-term’ impacts of vel coronavirus pandemic. study also assesses impact of various COVID-19 recovery scenarios on Sustainable Development Goals as it evaluates multidimensional effects of pandemic. 

Future impact of COVID-19

study said, “Severe long-term effects of COVID-19 pandemic could push an ditional 207 million people into extreme poverty on top of current pandemic trajectory, bringing total to over 1 billion by 2030”. study also revealed that pandemic will increase female poverty hecount by an ditional 102 million compared to that baseline. ‘Baseline COVID’ scenario is based on current mortality rates and most recent growth projections by International Monetary Fund. As per scenario, it would result in 44 million ditional people living in extreme poverty by 2030 compared to development trajectory world was on before pandemic. 

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UNDP said, “This ambitious, yet feasible SDG Push’ scenario would lift an ditional 146 million people out of extreme poverty, narrow poverty gap, and reduce female poverty hecount by 74 million, even taking into account current impacts of COVID-19 pandemic”. UNDP ministrator Achim Steiner said that this new study highlights that COVID-19 is a tipping point. He said, “We have an opportunity to invest in a dece of action that t only helps people to recover from COVID-19, but that re-sets development path of people and planet towards a more fair, resilient and green future”. 

Earlier, 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. 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. 

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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. This was done 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. 

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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 65 million people worldwide with global death toll at 1,536,769. US has reported a total of 14,983,425 positive COVID-19 cases and a death toll of 287,825.

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