ANL 14.57 Increased By ▲ 0.06 (0.41%)
ASC 13.55 Increased By ▲ 0.25 (1.88%)
ASL 14.60 Increased By ▲ 0.60 (4.29%)
BOP 8.42 Increased By ▲ 0.05 (0.6%)
BYCO 6.50 No Change ▼ 0.00 (0%)
FCCL 18.10 Increased By ▲ 0.30 (1.69%)
FFBL 26.30 Increased By ▲ 0.30 (1.15%)
FFL 11.15 No Change ▼ 0.00 (0%)
FNEL 10.90 Increased By ▲ 0.18 (1.68%)
GGGL 15.25 Increased By ▲ 0.35 (2.35%)
GGL 31.80 Increased By ▲ 0.40 (1.27%)
HUMNL 6.21 Decreased By ▼ -0.01 (-0.16%)
JSCL 17.29 Increased By ▲ 0.29 (1.71%)
KAPCO 31.40 Decreased By ▼ -0.08 (-0.25%)
KEL 3.21 Increased By ▲ 0.01 (0.31%)
MDTL 2.27 Increased By ▲ 0.07 (3.18%)
MLCF 34.11 Increased By ▲ 0.31 (0.92%)
NETSOL 98.50 Increased By ▲ 1.25 (1.29%)
PACE 4.26 Increased By ▲ 0.04 (0.95%)
PAEL 23.15 Increased By ▲ 0.15 (0.65%)
PIBTL 7.60 Increased By ▲ 0.17 (2.29%)
POWER 6.65 No Change ▼ 0.00 (0%)
PRL 13.70 Increased By ▲ 0.20 (1.48%)
PTC 8.87 Decreased By ▼ -0.03 (-0.34%)
SILK 1.35 Increased By ▲ 0.05 (3.85%)
SNGP 40.71 Increased By ▲ 1.05 (2.65%)
TELE 16.43 Increased By ▲ 0.03 (0.18%)
TRG 86.85 Decreased By ▼ -0.55 (-0.63%)
UNITY 25.20 Decreased By ▼ -0.02 (-0.08%)
WTL 2.14 Increased By ▲ 0.04 (1.9%)
BR100 4,660 Increased By ▲ 141.44 (3.13%)
BR30 18,804 Increased By ▲ 526.98 (2.88%)
KSE100 45,330 Increased By ▲ 1215.89 (2.76%)
KSE30 17,550 Increased By ▲ 516.47 (3.03%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,709
524hr
Pakistan Cases
1,284,365
17624hr
0.48% positivity
Sindh
475,248
Punjab
442,950
Balochistan
33,479
Islamabad
107,626
KPK
179,928

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.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.