Up to 60m people will be pushed into extreme poverty by the economic consequences of the coronavirus crisis, and current recovery efforts are not enough, David Malpass, president of the World Bank, has warned.
The Bank expects world economic output to contract by as much as 5 per cent in 2020, erasing efforts over the past three years to alleviate poverty in the world’s poorest countries, Mr Malpass said on Tuesday.
“Millions of livelihoods have been destroyed and healthcare systems are under strain worldwide,” he said.
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