60 million people into extreme poverty according to the World Bank
- World Bank President David Malpass has warned that the coronavirus crisis will have serious economic consequences. The global economy will fall by about 5%, according to Malpass, and employment and poverty will increase significantly.
Argazkia: América Latina en Movimiento.
The World Bank has warned that 60 million people over $1.90 per day may increase their volume over $1.90. It has blamed the situation for the pandemic and predicted that the economic crisis of 2020 will be severe. Malpass has said that the economy of developing countries is more vulnerable and has announced that the crisis will hit these countries more intensively.
The World Bank (WB) has reported that it has operated in more than a hundred countries in which more than 70 per cent of the world ' s population resides.