NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / World News / Coronavirus aftermath: 1.1 billion could become extremely poor, globally
    Coronavirus aftermath: 1.1 billion could become extremely poor, globally
    World

    Coronavirus aftermath: 1.1 billion could become extremely poor, globally

    Written by Shalini Ojha
    June 12, 2020 | 12:08 pm 4 min read
    Coronavirus aftermath: 1.1 billion could become extremely poor, globally

    The economic repercussions of coronavirus, which has already taken 423,844 lives globally, are mountainous. Thanks to lockdowns, enforced to break the transmission chain, even the richest countries are staring at oblivion. And now studies have suggested that in the post-coronavirus world, more people will be pushed into extreme poverty. Child labor will also witness a surge, after nearly two decades. Here are more details.

    Number of extreme poor to rise to 1.1 billion

    A report published on Friday by the UNU-WIDER, a part of the United Nations' University, said an extra 395 million people would be pushed into extreme poverty. With this, the total number of people living on less than $1.90/day (the benchmark the World Bank uses to define extreme poverty) would swell to a staggering 1.1 billion. Those living under $5.50/day fall in higher poverty lines.

    Study's author urged countries to take substantial steps at earliest

    One of the authors, Andy Sumner, asked countries to take concrete steps quickly. "The outlook for the world's poorest looks grim unless governments do more and make up the daily loss of income the poor face. The result is progress on poverty reduction could be set back 20-30 years and making the UN goal of ending poverty look like a pipe dream," he said.

    South Asia would suffer the most

    Experts also predicted the regions which would be worst-hit by poverty in the aftermath of the pandemic. Buoyed by largely-populated India, South Asia could see the biggest surge in extreme poverty. One-third of the surge could come from Sub-Saharan Africa.

    Earlier, World Bank predicted 60 million would become extremely poor

    Earlier this month, the World Bank predicted nearly 60 million people would be pushed to extreme poverty in 2020 due to coronavirus. Hence, countries were suggested to not only concentrate on the health problem but also think of long-term comprehensive measures to help the downtrodden. The apex bank noted that the economic shutdowns dealt a major blow to countries, especially poorer ones.

    Policy changes will go a long way, explained World Bank

    "Policy choices made today - including greater debt transparency to invite new investment, faster advances in digital connectivity, and a major expansion of cash safety nets for the poor - will help limit the damage and build a stronger recovery," Group President David Malpass asserted.

    Like extreme poverty, child labor will see a spike too

    Separately, the UN's child care wing, UNICEF, and the International Labour Organization (ILO) addressed media together on Friday saying child labor will see a rise too, demolishing all the progress of the last two decades. Globally, the number of children stuck in labor declined by 94 million since 2000. "The COVID-19 pandemic poses very real risks of backtracking," the bodies said.

    With families, livelihoods destroyed, children could go to work

    The agencies explained that the rise in poverty was directly proportional to child labor. In some countries, a 1% rise in poverty, leads to a 0.7% increase in child labor. "As the pandemic wreaks havoc on family incomes, without support, many could resort to child labor," ILO chief Guy Ryder said. Those who are already working would be forced to put in longer hours.

    Children will be forced to become breadwinners if parents die

    In the unfortunate scenario of the death of one or both parents due to coronavirus, kids would be forced to step up as the breadwinners, the agencies added. Girls could be exploited in agriculture and domestic work. Further, this labor problem has been emboldened by the temporary closure of schools. Over 1 billion pupils across 130 countries have been affected so far, they added.

    Have to provide tools to children and families: UNICEF

    Between 2012 and 2016, nearly 152 million kids were forced into work, the ILO said in 2017. UNICEF Chief Henrietta Fore said in the post-coronavirus world, countries have to ensure children and families have tools "to weather similar storms in the future". "Quality education, social protection services, and better economic opportunities can be game-changers," her statement read.

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    UNICEF
    World Bank
    International Labour Organization
    Coronavirus

    UNICEF

    As coronavirus weakens health systems, 6,000 children could die daily Coronavirus
    Coronavirus: UNICEF to help school students in India continue studies Education
    Watch out! Fake coronavirus information circulating on WhatsApp India
    Paneer roll, Poha, Upma: UNICEF suggests healthy recipes for children India

    World Bank

    World Bank announces $1 billion social protection package for India Narendra Modi
    India to witness severe economic slump, says World Bank India
    Coronavirus: World Bank approves $1bn emergency fund for India India
    Last year, India lost over $1.3 billion from internet shutdowns Uttar Pradesh

    International Labour Organization

    Trade unions plan May-22 nationwide protest against labor law suspension Uttar Pradesh
    Coronavirus Impact: Food prices surge as supply chain suffers India
    Qatar easing of foreign worker exit system comes into force Qatar
    Report: India's gender pay gap has narrowed, informality is soaring India

    Coronavirus

    Coronavirus: India surpasses UK as COVID-19 cases near 3 lakh India
    Ready to share cash transfer scheme with India: Pakistan PM Pakistan News
    Community transmission of coronavirus hasn't started in India: ICMR Indian Council of Medical Research (ICMR)
    Doctors of Kasturba Gandhi Hospital threaten mass-resignation over unpaid salaries Narendra Modi
    Next News Article

    Love World News?

    Subscribe to stay updated.

    World Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023