The economic fallout from the coronavirus pandemic could plunge an extra 395 million people into extreme poverty and swell the total number of those living on less than $1.90 a day worldwide to more than 1 billion, researchers said in a report on Friday.
The report - published by UNU-WIDER, part of the United Nations University - played through a number of scenarios, taking into account the World Bank’s various poverty lines - from extreme poverty, defined as living on $1.90 a day or less, to higher poverty lines of living on less than $5.50 a day.
“The outlook for the world’s poorest looks grim unless governments do more and do it quickly and make up the daily loss of income the poor face,” said Andy Sumner, one of the report’s authors. The researchers from King’s College London and Australian National University also found that poverty would shift in its geographic distribution.
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