Why tens of millions face extreme poverty after the pandemic
Economic growth, diversification and sustainable development have all contributed to a fall in the number of people living in poverty over the past 20 years. That progress could be wiped out in a matter of months as the International Monetary Fund predicts a 4.9 percent reduction in the global economy following the COVID-19 crisis.
For those living close to the poverty line, that is troubling news and could lead to up to 60 million more people earning less than $1.90 a day, according to the World Bank.
The fact that the COVID-19 pandemic could impact poverty levels across the world is perhaps not too much of a surprise, but just how significant will that impact be? And where will be hit hardest? The Agenda's Stephen Cole explains.
Check out The Pandemic Playbook, CGTN Europe's major investigation into the lessons learned from COVID-19.