Coronavirus crisis could plunge half a billion people into poverty

      Published on Friday, 10 April , 2020      2609 Views     
Coronavirus crisis could plunge half a billion people into poverty

  • Gulf TV, Saudi Arabia

The fallout from the coronavirus spread that’s killed more than 95,000 people could push around half a billion people into poverty, Oxfam said on Thursday

People in South Africa was out of work by the coronavirus crisis queue up for food aid on Thursday Oxfam said the fallout from the coronavirus spread could push around half a billion people into poverty the pandemic has killed more than 83,000 people and wreaked
havoc on economies around the world.

The charity’s report calculated the impact of the crisis on global poverty due to shrinking household incomes or consumption it says that the economic crisis is deeper than the 2008 global financial crisis adding that increases in global poverty could throw some countries back to levels of deprivation last seen some three decades ago.

Using the most serious scenario a 20 percent contraction in income the number of people living in extreme poverty would rise by 434 million people to nearly 1.2 billion worldwide women are at more risk than men as they’re more likely to work in the informal economy with little or no employment right

Category Gulf TV, Saudi Arabia, World News | 2020/04/10 latest update at 4:21 PM
Source : Arab News | Photocredit : Saudi Arabia Today
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