Article COVID- 19 fallout could push half a billion people into poverty in developing countries
New research published by UNU-WIDER today warns that the economic fallout from the global pandemic could increase global poverty by as much as half a billion people, or 8% of the total human population. This would be the first time that poverty has increased globally in thirty years, since 1990.
The authors of the UNU-WIDER study - Andy Sumner and Eduardo Ortiz-Juarez of King’s College London and Chris Hoy from Australian National University - find that a setback of this size would reverse a decade of global progress on poverty reduction.
This study shows that the achievement of the 2030 Agenda, and in particular, the SDGs on no poverty and zero hunger, is under considerable threat. The need of the hour is to bring together development agencies, national governments, civil society, and the private sector in a global effort to protect the livelihoods and lives of the poorest of the poor in the Global South.