Coronavirus could turn back the clock 30 years on global poverty

9 April 2020

Economic impact of global shutdown could push half a billion people into privation, researchers warn

Half a billion people could be pushed into poverty as economies around the world shrink because of the coronavirus outbreak, a new study has warned.

Poverty levels in developing countries could be set back by up to 30 years, research released by the United Nations University’s World Institute for Development Economics Research warned on Thursday.

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