The coronavirus pandemic could result in between 420 million and 580 million more people, or 8% of the global population, living in poverty, a study by the United Nations University has found.
Researchers based their calculations on the most extreme scenario of a 20% decline in income or consumption around the world. This looked at people falling below the three international poverty lines of living on less than $1.90, $3.20 or $5.50 a day.
The report also said that depending on the poverty line, this increase could "represent a reversal of approximately a decade in the world's progress in reducing poverty." Researchers warned that the coronavirus could therefore pose a real challenge to the UN Sustainable Development Goal of ending poverty by 2030.
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