The World Bank has warned the world about the corona virus, saying that by 2021, more than 150 million people will be living in extreme poverty.
The World Bank has warned that the corona virus will have far-reaching effects on South Asian economies, and that the economic effects of the corona virus could further increase global poverty.
According to a World Bank report, Pakistan's economic growth will be negative 1.5 percent this fiscal year, while India's GDP growth will be negative 9.6 percent this fiscal year.
The World Bank says that for the first time since 1998, there is a risk of global extreme poverty, with more than 150 million people living in extreme poverty by 2021.
According to the report, 80 to 100 million people will fall below the poverty line this year, 1.4 percent of the world's population will be living in extreme poverty, but this year the pace of global poverty reduction has been slow.
The World Bank report says that the Corona virus is the cause of climate change, recession and increase in poverty, 50 million South Asian countries, including Pakistan, will go below the poverty line.
Earlier, citing research by the Australian National University and King's College London, the charity Oxfam said it would be the first time in 30 years that global poverty has risen.
According to the report, due to the conditions caused by the corona virus, the economic crisis will be more severe than the medical crisis and there will be a huge increase in global poverty.
