
60 mn could be pushed into poverty
Why it is in news?
- The COVID-19 pandemic is expected to have “severe” short and long-term effects on economic growth, the World Bank said in its Global Economic Prospects (GEP).
More on news:
- Current estimates show that 60 million people could be pushed into extreme poverty in 2020.
- These estimates are likely to rise further, with the reopening of advanced economies the primary determinant