“The pandemic and global recession may cause over 1.4% of the world’s population to fall into extreme poverty,” World Bank Group President David Malpass said in the group’s statement. “In order to reverse this serious setback to development progress and poverty reduction, countries will need to prepare for a different economy post-COVID, by allowing capital, labor, skills, and innovation to move into new businesses and sectors.”
Coronavirus pandemic could plunge 150 million people into poverty by end 2021: World Bank
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