Experts are unanimous in describing the effects of the emerging coronavirus, or mabat, called the Covid-19 pandemic, of global ruin.
Half a billion people are expected to be below the poverty line as economies worldwide shrink due to the outbreak.
Research published by the UN Institute for Economic Development Research at the United Nations University warned that poverty levels in developing countries may fall back to what they were 30 years ago.
The impact will be very devastating, which has led experts to liken it to the devastating tsunami, but this time the poverty tsunami.
The researchers used World Bank data to measure the effects of the low amounts of money spent in economies at three levels of poverty: $ 1.90, $ 3.20, and $ 5.50 a day.
The results showed that even if consumption decreased by 5% this would lead to the first increase in income-related poverty since 1990.
On the other hand, Oxfam called on world leaders to approve an economic rescue plan worth 2.5 trillion dollars to keep poor countries and societies that will take up to 30 years to recover again, which is inconsistent with the sustainable development goals set by the United Nations in 2015, To reach universal health care.
The International Labor Organization said that more than two billion informal workers in the world are most at risk because they are forced to continue working in high-risk environments and often live in cramped housing in hygienic conditions that lack hygiene and sterilization.
The report is based on models that assume consumption shrinks by 5%, 10% or 20%, and the worst effects are likely to be felt in South Asia and sub-Saharan Africa, and East Asia will host a higher proportion.
Oxfam said that a new global economic plan must include the cancellation of $ 1 trillion in debt owed by developing countries, adding that the same amount should be placed in an international reserve that countries can use to build their health systems.