Half A Billion People Could Be Pushed Into Poverty Due To Pandemic: Report

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“The effects could be absolutely incredible”

sweeping the world could lead to 580 million people ― 8% of humanity ― being pushed into poverty and see an increase in global poverty for the first time since 1990.

“The effects could be absolutely incredible,” researcher Andy Sumner, a King’s College professor of international development who works with the, which helped publish the report, told HuffPost. “There’s very likely to be a substantial increase in poverty, mainly because there’s so many people living not that far above the poverty line.”

A 10% drop in consumption would result in an estimated 180 million to 280 million people falling into poverty. And at 20%, some 420 million to 580 million people would be pushed into poverty.Men wearing masks wait outside an Egyptian Food Bank centre in Cairo to receive cartons with foodstuffs as the charity distributes aid to people who lost their jobs due to the coronavirus pandemic.

Access to food is a critical concern, especially for workers in urban areas who aren’t able to grow their own food.

 

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