The head of the world Bank: After the pandemic, 60 million people will be living on less than £1 a day

More than 60 million people on Earth after a pandemic will be live on £1 (us$1.25) per day or less. This forecast in an interview with BBC Radio 4, which was released on 7 June, was made by the President of the world Bank David Malpass.

It’s below the line “of extreme poverty” which the world Bank determines at £1,55.

Distribution COVID-19 has dealt “a devastating blow” for the world economy, the quarantine measures affected billions of people, said Malpass.

Lost or forgone revenue, and costs incurred by individuals for health are enormous amount, and most affected those who could least afford it, said the banker. He predicts that in poor countries, where people now devoid of any, even informal earnings, the economic consequences of a pandemic will be felt throughout the next decade.

Malpass called myself an optimist, saying that man is inherently flexible. Innovation and government efforts will help avoid a total disaster, he added.

Flash coronavirus infection COVID-19 began in late 2019 in China. In January – February 2020 first cases of infection with coronavirus have been confirmed outside of China, in late February – early March, the epidemic virus has spread to Europe and later the United States.

In connection with the quarantine imposed because of the pandemic, in many countries, closed businesses, which caused massive economic downturn. According to IMF estimates, is the most serious crisis since the great depression.

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