s could push 100 million people into extreme poverty.
Despite the rise in cases, a top World Health Organization official said additional lockdowns should not be necessary. The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David Malpass warned Thursday in an interview with AFP. Peru, where figures released Thursday showed a 30 percent fall in GDP in the second quarter, has registered more than 26,000 deaths.The crushing economic damage has sprung not just from the virus itself but also from the lockdowns that largely halted business activity across the world.
Germany will need to take on yet more debt in 2021 to mitigate the impact of the coronavirus on the economy, Finance Minister Olaf Scholz said. The figures added urgency to the desperate bid to find a vaccine for the virus, which has infected more than 22 million and killed hundreds of thousands since it first emerged in China late last year.
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