By J Nastranis
NEW YORK (IDN) – New research published by the UNU World Institute for Development Economics Research (UNU-WIDER) warns that the economic fallout from the global pandemic could increase global poverty by as much as half a billion people, or 8% of the total human population. This would be the first time that poverty has increased globally in thirty years, since 1990.
The authors of the UNU-WIDER study – Andy Sumner and Eduardo Ortiz-Juarez of King’s College London and Chris Hoy from Australian National University – find that a setback of this size would reverse a decade of global progress on poverty reduction.