Tag Archives: Global poverty

Anti-poverty campaigner Oxfam warned Monday that the world would face the biggest increase in global inequality on record as a result of the fallout caused by the COVID-19 pandemic unless governments radically reorganize their economies. In a report geared to inform discussions at the World Economic Forum’s (WEF) online panels of political …

As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the World Bank warned on Oct. 7.     That is a devastating reversal after decades of progress, and higher than the bank previously estimated, even as recently as August, …