Economics
Covid-19 Creates ‘New Poor’ in East Asia and Pacific: World Bank
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The COVID-19 shock is creating a class of ‘new poor’ across East Asia and the Pacific with 38 million more people expected to be living in poverty in 2020.
That’s according to a new report from the World Bank titled “From Containment to Recovery” that assesses the economic scarring caused by COVID-19 and prospects for recovery.