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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,105
824hr
Pakistan Cases
1,374,800
7,19524hr
Sindh
526,899
Punjab
464,431
Balochistan
33,941
Islamabad
118,292
KPK
185,340

Pandemic drives broadest economic collapse in 150 years: World Bank

  • That will push 70 to 100 million people into extreme poverty, more than the bank's prior estimate of 60 million.
08 Jun, 2020

WASHINGTON: The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday.

The world economy is expected to contract by 5.2 percent this year -- the worst recession in 80 years -- but the sheer number of countries suffering economic losses means the scale of the downturn is worse than any crisis in the last 150 years, the World Bank said in its latest Global Economic Prospects report.

That will push 70 to 100 million people into extreme poverty, more than the bank's prior estimate of 60 million.

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