Coronavirus crisis could plunge half a billion people into poverty -Oxfam

Thomson Reuters Foundation | Apr 9, 2020 at 12:01 AM
  • The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday.
  • The report authors played through a number of scenarios, taking into account the World Bank’s various poverty lines – from extreme poverty, defined as living on $1.90 a day or less, to higher poverty lines of living on less than $5.50 a day.
  • Under the most serious scenario – a 20% contraction in income – the number of people living in extreme poverty would rise by 434 million people to 922 million worldwide.