POOR WILL BE POORER

The World economy has gone down due to corona pandemic. In each country the impact was negative. According to United Nation’s Secretary General Antonio Guterres, the year 2020 affected the human society using many a weapons like virus, flood, drought, storm & wild fire etc so, as per his version, UN will go this year for a Global coalition for Carbon neutrality-committing to net zero emissions by 2050. So far the World Bank report concern, the substance is only about adding number of poverty stricken people after corona. The report clearly indicated, global poverty line will affect more in lower-middle-income & upper-middle-income countries where according to them the poverty line is in between $3.20 to $5.50. Prior to this, Word Bank’s goal was to end poverty from the Globe by 2030 which remain far away now due to pandemic. The new report of Word Bank clearly mentioned, “8 out of 10 new poor will be in middle income countries even the number may add 85 million to 150 million people into extreme poverty in 2021 due to economic contraction. Even the World Bank group President David Malpass mentioned; “the pandemic & Global recession may cause over 1.4% of the World’s population to fall into extreme poverty. This number can go down only with post covids different economy which includes capital, labour, skill & innovation to move into new business. The report also stressed upon number of poor may increase from which one can guess many poor may go to street for alms.     

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