EconomyEnd Times

COVID May Have Pushed 100M Into Extreme Poverty


The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday.

The Washington-based development lender previously estimated that 60 million people would fall into extreme poverty because of COVID-19, but the new estimate puts the deterioration at 70 million to 100 million, and he said “that number could go higher” if the pandemic worsens or drags on.

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