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Sep 11, 2020
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UN predicted global poverty due to coronavirus pandemic

The coronavirus pandemic will lead the world to an unprecedented economic crisis, comparable to the Great Depression of the 1930s, said UN spokesman Olivier de Schutter. His words are given in the report of the organization.

According to the expert's forecast, poverty threatens 176 million people around the world. And although many states took short-term measures to support citizens during the pandemic, there are already not enough of them, Schutter said.

“Another 176 million people can fall into poverty if we use the baseline poverty rate of $ 3.2 a day,” he explained. “This is equivalent to a 2.3% increase in poverty rates over the no-COVID-19 scenario.

The UN spokesman urged countries to take more decisive steps to eradicate poverty and inequality.

He added that many families around the world have already used up their reserves and are in dire straits.

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Economy
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