According to the World Bank, the COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty in 2020.
The report also stated that many of the new poor would be in countries with high poverty rates. Several middle-income countries will see significant numbers of people slip below the extreme poverty line. About 82 percent of the total will be in middle-income countries, the report estimates.
It also highlighted that the COVID-19 crisis has also diminished shared prosperity – defined as the growth in the income of the poorest 40 percent of a country’s population. "Average global shared prosperity is estimated to stagnate or even contract over 2019-2021 due to the reduced growth in average incomes. The deceleration in economic activity intensified by the pandemic is likely to hit the poorest people, especially hard, and this could lead to even lower shared prosperity indicators in the coming years," it said.
The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.