News > World

The pandemic's ‘new poor:' Poverty in parts of Asia could rise for the first time in 20 years

20 days ago   |   By Fortune

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today .
The coronavirus pandemic could push 38 million people into poverty across East Asia and the Pacific as the region's collective economy grows at its slowest pace in 50 years, according to the World Bank .
“COVID-19 is not only hitting the poor the hardest, it is creating ‘new poor.' The region is confronted with an unprecedented set of challenges, and governments are facing tough choices,” said Victoria Kwakwa, vice president for East Asia and the Pacific...
Read more ...

 

East Asia poverty to rise for first time in 20 years due to Covid-19 pandemic - World Bank

East Asia poverty to rise for first time in 20 years due to Covid-19 pandemic - World Bank

21 days ago   |   By RT

A new report by the World Bank reveals that Covid-19 delivered a “triple shock” to the developing East Asia and Pacific region, with as many as 38 million people expected to remain in, or be pushed back into, poverty as a result.
It is the first increase in poverty in the region in two decades, according to the findings. The bank defined the poverty line as income of $5.50 a day. The East Asia and Pacific region includes China, Southeast Asian countries and the Pacific Islands, such as Fiji and Samoa. India and other South Asian countries don't feature in the report.
“Covid-19 has...
Read more ...

 


Search by Tags

   World      Economy      Eastworld      Global poverty      World Bank  


Breathtaking fall scenes from around the world

Breathtaking fall scenes from around the world

You may not be visiting these sites in person this year, but you can still enjoy these stunning images. Read more ...

Deadline looms, but COVID relief deal may be far off

Deadline looms, but COVID relief deal may be far off

House Speaker Nancy Pelosi reported some progress in advance of a Tuesday deadline for reaching a pre-election deal with President Trump on a new coronavirus relief package... Read more ...

Presidential candidates to be muted during opponent's initial responses at...

Presidential candidates to be muted during opponent's initial responses at second debate

The microphones will be turned off so President Donald Trump and Joe Biden can answer initial questions, but they will be turned back on for open discussion after that. Read more ...

Tsunami warning issued after 7.5-magnitude earthquake near Alaska

Tsunami warning issued after 7.5-magnitude earthquake near Alaska

A tsunami warning was issued Monday after a preliminary magnitude 7.5 earthquake struck near Sand Point, Alaska. Read more ...

6 Russian military officers charged in vast hacking campaign

6 Russian military officers charged in vast hacking campaign

The 50-page indictment focuses on attacks that prosecutors said were aimed at promoting Russian's own geopolitical interests. Read more ...

Bruce Willis reprises 'Die Hard role in unexpected way

Bruce Willis reprises 'Die Hard role in unexpected way

Argyle and Theo are back, too. Read more ...

Supreme Court to hear case over border wall funding

Supreme Court to hear case over border wall funding

The Supreme Court has agreed to hear the Trump administration's appeal of a lower court ruling that it improperly diverted money to build portions of the border wall with Mexico. Read more ...

Canada-US border closure extended to Nov. 21

Canada-US border closure extended to Nov. 21

The Canada-U.S. border will remain closed to nonessential travel for another month as both countries work to contain the spread of COVID-19. Read more ...

Jeffrey Toobin was masturbating in front of New Yorker bigs, report says

Jeffrey Toobin was masturbating in front of New Yorker bigs, report says

The New Yorker writer and CNN analyst Jeffrey Toobin didn't just expose himself during a Zoom work call - he was caught masturbating, and those in the online meeting included... Read more ...

Twitter blocks tweet from Trump adviser downplaying masks

Twitter blocks tweet from Trump adviser downplaying masks

NEW YORK - Twitter blocked a post Sunday from an adviser to President Donald Trump who suggested that masks do not work to stop the spread of the coronavirus. Scott Atlas, who... Read more ...