According to a recent study, an estimated 131 million people were thrust into poverty in 2020, as the global economic slump caused by the pandemic has shrunk the world's middle class population.
A large driver of this rising poverty appears to be the South Asian region, which “is estimated to have added nearly double the amount of people to the ranks of the globally poor as sub-Saharan Africa in the pandemic".
Dr. Alessandra Cappelletti an associate professor in the Department of International Studies at Xi’an Jiaotong-Liverpool University Liverpool University says there are some reasons why this project is so successful.
According to a recent study, nearly 700,000 individuals in the United Kingdom, have been flung into poverty as a result of the pandemic.
The onset of the pandemic pushed the total number of poverty stricken individuals in the United Kingdom to more than 15 million, or 23 percent of the population.
UN study suggests that the phenomenon can only be avoided by taking timely measures like investing in public health, social and safety net programmes and green transition