Extreme poverty as important as infection of COVID-19

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The World Bank reported that it expected some 150 million global people with less than 1.90 US$ per day of income might face extreme poverty in 2021. The report on 7 October 2020 also mentioned that there would be some 115 million poverty-stricken people in 2020 due to the downtrend of the world economy.
The President of the World Bank remarked that the pandemic and the global economic decline might push 1.4 per cent of the global people into extreme poverty. If the pandemic did not occur, the poverty-stricken rate might plunge into 7.9 per cent but actually reached 9.4 per cent.
Economists from the World Bank said the population who might encounter the impacts of extreme poverty in 2020 depends on the trend of the global economy. As such, some 11 million to 115 million global people might face the impacts of extreme poverty. If so, the successes achieved in poverty alleviation for many years would lead to a downtrend. Moreover, 40 per cent of global people residing in the economic crises and conflicted areas might double the poverty.

That is why the authorities need to adopt rapid and firm policies to faster respond to the COVID-19 for mitigating the poverty rate in the country.

The urban people might face poverty-stricken impacts. So, the rural people are expected to share their aid with the urban people. If firm policies cannot be adopted for fighting the COVID-19 pandemic, the aim to alleviate poverty might stay away from the goal in 2030. The World Bank warned all to note the global poverty rate might be seven per cent in the coming decade.
The number of children facing poverty in all aspects reached 1.2 billion because of the COVID-19 pandemic, according to the press releases issued by UNICEF and Save the Children on 17 September 2020.
The number of children increased to 15 per cent in low-income and medium-income countries. The number of poverty-stricken children who suffered impacts of COVID-19 in early 2020 increased to 150 more million. The press release was based on education, health care services, housing, nutrition, sanitation and water supply triggered by poverty in all aspects in 70 countries.
That is why the authorities need to adopt rapid and firm policies to faster respond to the COVID-19 for mitigating the poverty rate in the country.

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