The coronavirus pandemic could push 11 million people in Asia into poverty, World Bank warns

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

United States Headlines News

United States Latest News,United States Headlines

The economic fallout from the coronavirus pandemic could drive an additional 11 million people into poverty in East Asia and the Pacific unless 'urgent action' is taken, the World Bank warned in a report released Monday.

Hong Kong The economic fallout from the coronavirus pandemic could drive an additional 11 million people into poverty in East Asia and the Pacific unless"urgent action" is taken, the World Bank warned in a report released Monday.

In the worse-case scenario outlined by the Washington-based financial institution, the region could suffer its sharpest downturn in more than two decades, plunging much of Asia into a prolonged recession. The bank's baseline forecast projects that regional growth could slow to 2.1% in 2020, compared to estimated growth of 5.8% in 2019. However, under its worse case projection, the region's economy could contract by 0.5%, creating the potential for an extended crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I've heard the Bernie Sanders might be the next FFR. I really like his green new deal because it creates a lot of jobs AND helps the planet. I believe he's still running for president. Maybe get him on one of your shows again.

You care about money, and making the wealthy more rich. The rich want to accumulate more money, and keep the workers wages at a barely survivable level. What I care about is getting rid of the virus and then getting back on track.

Welp, China deserves it.

Oh, so President Trump was right? Hmmm. TrustTrump

中共间谍抢购美国市场上所有出售的口罩和防护服,就是为了配合中共在美国故意投放武汉冠状病毒,让美国人在短时间内无法防护中共病毒感染,让中共冠状病毒在美国最大限度的传播,美国应该审核所有公开拥护中共的华人间谍,否则中共间谍会利用美国的自由民主体制的漏洞,在美国持续不断的故意投毒!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These 11 Best Wireless Headphones Allow You to Shut Out All DistractionsThese 11 Best Wireless Headphones Allow You to Shut Out All Distractions (via spy_dot) spy_dot Sony SonyElectronics is EVERYTHING You need
Source: RollingStone - 🏆 483. / 51 Read more »

5 of 11 vets who dies at the Massachusetts Soldiers' Home tested positive for COVID-19.The superintendent of the Massachusetts veterans home was placed on leave after a series of deaths, including those of some vets who tested positive for COVID-19. Incoherent.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Abbott surges 11% after FDA approval of 5-minute coronavirus test (ABT) | Markets InsiderAbbott Laboratories announced Friday that the US Food and Drug Administration granted emergency use of its ID NOW COVID-19 test.  Shares su... Are these home test kits? Одоогийн байдлаар АНУ дэлхийн аль ч улсаас хавьгүй илүү КВ-ийн оношлогоог иргэдээ хамгийн их тоогоор хамруулж чадаад байгаа. Энэ “Abbott” нэвтэрснээр улам олон хүнийг оношлогоонд хамруулж хүмүүсийн амь нас, эрүүл мэндийг хамгаалах нь, ГОЁ ГОЁ!
Source: BusinessInsider - 🏆 729. / 51 Read more »

11 K-Beauty Sheet Masks for Every Skincare Issue You Can Think OfAnother skincare-while-you-sleep product, this multi-purpose mask will combat a slew of issues (like acne, dullness, and dehydration) as it contains skin-regenerating rice extract and niacinamide, which can help decrease the appearance of large pores.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »

Stock picks to buy: 11 companies that will outperform after bear market - Business InsiderEven if the worst of the coronavirus meltdown isn't over, history says these companies are likely to be winners after the oncoming recession.
Source: BusinessInsider - 🏆 729. / 51 Read more »

9/11 commission official calls on government to change response to coronavirus immediately: OPINIONOPINION: 9/11 commission official calls on government to change response to coronavirus immediately. Mask is very important for everyone,,but the media alawys say washing hand is the most important thing and the Mask is useless. it is nonsense! Save yourself Life,wear the Mask plz!
Source: ABC - 🏆 471. / 51 Read more »