“Poverty Tsunami”: Economic Fallout and Debt Forgiveness for Developing Nations
https://www.abc.net.au/news/2020-04-09/coronavirus-poverty-study-research-oxfam-anu/12136222 https://unu.edu/media-relations/releases/covid-19-fallout-could-push-half-a-billion-people-into-poverty-in-developing-countries.html A sharp contraction in global consumption will create devastating effects for developing countries. If a contraction of 20% or more in per capita consumption occurs, some studies predict that an additional 500,000,000 people, or approximately 7% of the world population, will fall into extreme poverty. To prevent such a catastrophe, international humanitarian organizations … Read more